Fact Check: "The price of gold surged to above Rs 1 lakh per 10 grams following the June 13, 2025 attack by Israel on Iran."
What We Know
On June 13, 2025, gold prices indeed surged, with the Multi Commodity Exchange (MCX) gold rate surpassing ₹1 lakh per 10 grams. Reports indicate that the price settled at ₹1,00,314 after reaching an intraday high of ₹1,00,681, driven by heightened geopolitical tensions following Israel's military actions against Iran. This escalation in conflict significantly increased demand for gold as a safe-haven asset, contributing to the price surge (Reuters, Live Mint).
Experts have noted that the ongoing conflict in the Middle East, coupled with expectations of interest rate cuts, has created a risk-off sentiment in financial markets, further propelling gold prices upward (Economic Times). The price of gold has shown a remarkable increase, with a year-to-date rise of approximately 31% as of mid-2025, underscoring its appeal during periods of economic uncertainty (Live Mint).
Analysis
The claim that gold prices surged above ₹1 lakh per 10 grams following the June 13, 2025 attack is supported by multiple credible sources. The Reuters article explicitly states that gold prices soared due to the Israeli strikes on Iran, confirming the timing and cause of the price increase. Additionally, the Live Mint report corroborates this by detailing the specific price points reached on that date, highlighting the intraday high and the overall market reaction.
The reliability of these sources is strong, as they are reputable news organizations known for their financial reporting. The Economic Times also provides a detailed analysis of the factors contributing to the price rise, including geopolitical tensions and market sentiment, which adds depth to the understanding of the situation (Economic Times).
While forums and less formal discussions, such as those found on GOLD.DE and WordReference, may provide anecdotal evidence or community sentiment, they lack the rigorous editorial standards of established news outlets and should be viewed with caution in terms of factual accuracy.
Conclusion
The claim that the price of gold surged to above ₹1 lakh per 10 grams following the June 13, 2025 attack by Israel on Iran is True. This conclusion is based on multiple credible reports confirming the price increase and the geopolitical context that led to this surge in demand for gold as a safe-haven asset.
Sources
- Gold advances as Israel-Iran escalation fuels safe-haven ...
- If you are gold, you will glitter sooner or later.
- Wie viel Geld in Edelmetalle anlegen? - GOLD.DE Forum
- Gold price outlook: Experts see MCX gold rate at ₹1.05 ...
- GOLD.DE Forum - Foren-Übersicht
- Gold Price Prediction: Gold hits record high of Rs 1, ...
- GOLD.DE Forum
- Gold Jumps as Israel-Iran 'Go to War' Over Nuclear Program
