Gold prices climbed sharply as tensions in the Middle East drove demand for safe assets. Softer U.S. inflation also boosted hopes for rate cuts, supporting gold's rally above $3,400.

The precious metal is forecast to hit US$3,400 an ounce by the end of 2025. Read more at straitstimes.com. Read more at straitstimes.com.

This rise is also lifting the commodities sector, which is headed for its second consecutive weekly gain, with the Bloomberg Commodity Total Return Index ( DJP) up 3.3% this month and year-to-date returns in U.S. dollar exceeding 9%.

Geopolitical uncertainties in the middle-middle-east have pushed gold over the ₹1 lakh per 10 grams mark. Check gold and silver rates in your city today — Chennai, Kolkata, Bengaluru, Hyderabad, Delhi and Mumbai.

Gold prices in India have soared to record levels, surpassing ₹1 lakh per 10 grams with a 28% rise in just one year. This surge is driven by escalating geopolitical tensions in the Middle East, inflation worries, and central bank purchases but these very factors also make this a risky time to buy.

UK markets have struggled today as global assets have sold-off amid concerns about conflict in the Middle East. The FTSE 100, while dragged lower by airlines and miners, fared better than other European indices thanks to a lift from oil producers BP and Shell as the price of the asset spiked on the tension.

Gold rebounded on Tuesday as heightened geopolitical uncertainty stemming from Israel-Iran fighting and U.S. President Donald Trump's call to evacuate Tehran led investors to seek safe-haven assets.