Fri Jun 13 08:50:00 UTC 2025: Here’s a summary and a news article version of the provided text:

**Summary:**

Gold prices in India are surging, crossing the ₹1 lakh mark per 10 grams in Hyderabad. This surge is driven by international factors, including Middle East tensions, a weakening US dollar, and increased demand for gold as a safe haven asset. Global gold prices are also up, with analysts citing geopolitical instability and central bank buying as key drivers.

**News Article:**

**Gold Prices Soar Past ₹1 Lakh in Hyderabad Amid Global Uncertainty**

**Hyderabad, India** – Gold prices are once again on the rise, breaking the ₹1 lakh barrier for 24-carat gold in Hyderabad. As of Thursday, 10 grams of the precious metal were trading at ₹1,00,210 in the local market, while silver reached ₹1,08,700 per kilogram.

The price surge is attributed to a confluence of international factors, primarily escalating tensions in the Middle East and a weakening US dollar. On the Multi Commodity Exchange (MCX), 10 grams of gold traded at ₹97,650, a 0.97% increase from the previous session’s close of ₹96,704. Globally, gold prices climbed to $3,372.46 per ounce, a 0.6% increase. US gold futures also saw a significant rise of 1.5%.

The weakening dollar, currently at a two-month low, has increased the attractiveness of bullion to foreign buyers. Furthermore, geopolitical uncertainty is driving investors to seek refuge in gold, traditionally considered a safe haven asset.

“Tensions between the US and Iran, coupled with concerns surrounding US-China trade agreements, have boosted demand for gold,” explained Aksha Kamboj, Vice President of the India Bullion and Jewellers Association. “Additionally, central banks are increasingly viewing gold as a crucial reserve asset, further fueling demand and pushing prices upward.”

Analysts predict continued volatility in the gold market as global economic and political conditions remain uncertain. Investors are advised to carefully monitor market developments before making investment decisions.

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