Gold Price Today News, MCX Gold, MCX Gold 1 Lakh: Israel has launched airstrikes targeting Iran’s nuclear program, escalating tensions in the region. Gold prices jumped to a new high on MCX, crossing the ₹1 lakh mark for the first time in market opening. In the international market, gold on COMEX traded above $3,450 per ounce. The United States stated it was not involved in the operation and urged Iran not to retaliate against American interests. Iran’s Supreme Leader Ayatollah Ali Khamenei has warned Israel will face “severe punishment” for its attacks on Friday. Khamenei confirmed a number of commanders and scientists had been killed in the strikes, which Israel said hit nuclear targets, according to Iranian state media agency IRNA.
Gold prices on MCX soared to a historic ₹1,00,000 per 10 grams on June 13, 2025, marking a record-breaking ₹10,000 surge in just 74 days—the fastest rally ever. This sharp uptrend was fuelled by a convergence of intensifying geopolitical tensions and mounting global macroeconomic uncertainties.
Market on Edge as Geopolitical Risk Intensifies
Anticipating potential retaliation, Israel remains on high alert. The geopolitical shock sent gold and crude oil prices sharply higher, while global equities fell amid rising risk aversion.
Netanyahu: Strikes Targeted Nuclear and Missile Programs
Israeli Prime Minister Benjamin Netanyahu said the attacks targeted Iran’s atomic program and scientists.
“We struck at the heart of Iran’s nuclear enrichment program. We struck at the heart of Iran’s nuclear weaponization program. We targeted Iran’s main enrichment facility in Natanz. We targeted Iran’s leading nuclear scientists working on the nuclear bomb. We also struck at Iran’s ballistic missile program.”
State of Emergency Declared in Israel
Israel’s Defense Minister Israel Katz declared a state of emergency following the onset of the strikes, cautioning that “a missile and drone attack against the State of Israel and its civilian population is expected in the immediate future.”
Netanyahu: Operation Will Continue Until Threat Removed
Prime Minister Benjamin Netanyahu addressed the nation, stating, “this operation will continue for as many days as it takes to remove this threat.”
Trump Renews Pressure on Fed Chief Over Rates
President Donald Trump sharply criticized Federal Reserve Chair Jerome Powell, calling him a “numbskull” while urging a significant interest rate cut. Speaking at the White House, Trump claimed that a two-percentage-point reduction could save the U.S. $600 billion annually. “But we can’t get this guy to do it,” he said, adding that he “may have to force something” if inflation trends lower and Powell still resists cutting rates.
Multiple Central Bank Policy Decisions Ahead
Several key monetary policy decisions are expected next week from the United States, Japan, China, Indonesia, Taiwan, and the Philippines.
Precious Metals Rally on Iran-Israel Tensions and Weak U.S. Data
Gold and silver prices surged once again amid heightened tensions in the Middle East between Israel and Iran. Safe-haven buying returned to the bullion markets as gold prices crossed the $3,400 per troy ounce mark. A falling dollar index also supported precious metal prices. U.S. PPI and Core PPI data released on Thursday indicated softening inflation, giving the Federal Reserve room to consider rate cuts. A surge in weekly jobless claims to 248,000 further boosted gold’s appeal.
Gold and Silver Outlook by Manoj Kumar Jain
Gold prices hit a six-week high, and sustaining above $3,400 could indicate further strength. “We expect gold and silver prices to remain volatile in today’s session amid volatility in the dollar index and geo-political tensions,” said Manoj Kumar Jain. He added, “Gold prices could hold its key support level of $3,330 per troy ounce and silver prices could also hold $35.00 per troy ounce levels on a weekly closing basis.”
Technical Support and Resistance Levels
Gold has support at $3,374–3,350 and resistance at $3,434–3,466 per troy ounce. Silver has support at $36.00–35.70, while resistance is at $36.60–36.88 per troy ounce. On MCX, gold is seeing support at ₹98,000–97,650 and resistance at ₹99,000–99,600. Silver is supported at ₹1,05,000–1,04,200, with resistance at ₹1,07,000–1,07,700.
Currency View by Manoj Kumar Jain
As per the daily technical chart, the USD/INR pair is showing support at 85.3500–85.1000 and resistance at 85.7800–86.0000. The pair is trading below its key support level of 85.6500 and is expected to remain in the 85.1000–86.0000 range for the day.
Gold, Silver and Sensex Performance
Nirmal Bang Sec Gold and Silver Price prediction
Big Data and Events Today
Friday, June 13, 2025
- 02:30 PM (CET) – Euro Area: Industrial Production MoM (April)
- 07:30 PM (EDT) – United States: Preliminary Michigan Consumer Sentiment Index (June)
- 10:00 AM (JST) – Japan: Final Industrial Production MoM (April)
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Disclaimer:
The information provided in this article is for informational purposes only and reflects the views of industry experts. Before making any investment decisions, it is recommended that you consult a financial advisor. The team at Gold Price Today does not engage in personal buying, selling, or trading of gold or silver on exchanges. We are not responsible for any gains or losses incurred based on the information presented here.
