Published: June 13, 2025 | Reading Time: 5 minutes
Historic Milestone: Gold Crosses ₹1,00,000 Per 10 Grams
Friday, June 13, 2025, marks a watershed moment in India’s precious metals market as gold prices crossed the historic ₹1,00,000 mark per 10 grams for the first time ever. This unprecedented surge has captured the attention of investors, traders, and consumers across the nation, signaling a new era in gold investment dynamics.
On the Multi Commodity Exchange of India (MCX), August gold futures soared an impressive 2% during early trading hours, reaching a record-breaking peak of ₹1,00,403 per 10 grams. The price later stabilized around ₹1,00,145, demonstrating the yellow metal’s resilience and growing appeal during uncertain times.
Global Gold Market Mirrors Indian Rally
The domestic surge aligns perfectly with international market trends. In global trading sessions, spot gold climbed 1.3% to reach $3,428.28 per ounce, while US gold futures advanced 1.4% to $3,449.60. These figures represent the highest levels witnessed since early May 2025, with gold posting remarkable gains of over 3.5% within a single week.
Key Market Statistics:
- Indian MCX Gold Futures: ₹1,00,403 per 10g (All-time high)
- International Spot Gold: $3,428.28 per ounce
- Weekly Gains: Over 3.5%
- Long-term Growth: 92% surge since February 2022
What’s Driving the Gold Price Surge?
1. Escalating Geopolitical Tensions
The primary catalyst behind this dramatic price movement stems from heightened Middle Eastern tensions. Recent developments have created a perfect storm for gold’s safe-haven appeal:
- Israel’s overnight airstrikes targeting Iran’s nuclear facilities
- Escalating fears of broader regional conflict
- Ongoing Gaza-Israel tensions dating back to 2023
- Russia-Ukraine war’s continued impact on global stability
As Delhi-based gold trader Abhishek Jain aptly puts it: “Every time geopolitical stress intensifies—whether it was Russia’s invasion of Ukraine, the Gaza-Israel conflict, or the current Iran episode—gold proves its mettle as a trusted hedge against chaos.”
2. US Trade Policy Uncertainties
President Donald Trump’s trade policies continue to create market volatility. His threats to impose additional tariffs have reignited fears of a global trade war, despite Treasury Secretary Scott Bessent’s hints at extending the 90-day tariff pause. This uncertainty has pushed investors toward safe-haven assets like gold.
3. Central Bank Buying Spree
A significant structural factor supporting gold prices is the sustained demand from central banks worldwide. Since the COVID-19 pandemic, central banks—particularly in emerging markets—have aggressively increased their gold reserves as a hedge against:
- Inflation pressures
- Currency depreciation
- Geopolitical risks
- Economic uncertainty
The Reserve Bank of India (RBI) stands out as one of the most consistent buyers, having started its accumulation strategy in December 2017 and intensifying purchases after the Russia-Ukraine conflict began.
Current Gold Rates Across Major Indian Cities
Here are the latest gold prices for 10 grams across major Indian cities on June 13, 2025:
24 Carat Gold Prices:
- Delhi: ₹1,01,550
- Mumbai: ₹1,01,400
- Chennai: ₹1,01,400
- Kolkata: ₹1,01,400
- Bengaluru: ₹1,01,400
- Jaipur: ₹1,01,550
- Hyderabad: ₹1,01,400
- Ahmedabad: ₹1,01,450
22 Carat Gold Prices:
- Delhi: ₹93,100
- Mumbai: ₹92,950
- Chennai: ₹92,950
- Kolkata: ₹92,950
- Bengaluru: ₹92,950
Expert Analysis: Why Gold Remains Attractive Despite Rising Interest Rates
Traditionally, rising interest rates dampen gold’s appeal due to increased opportunity costs of holding non-yielding assets. However, current market dynamics present a different scenario. Despite the US Federal Reserve’s aggressive rate hiking cycle from March 2022 to July 2023 (raising rates from near-zero to 5.25%-5.50%), gold has maintained its upward trajectory.
Market analysts attribute this anomaly to:
- Persistent macroeconomic uncertainty
- Volatile currency markets
- Stagflation fears
- Structural repositioning of gold as a strategic asset
As trader Abhishek Jain notes: “In normal times, rate hikes would cool gold demand, but these are not normal times. What we’re seeing is a structural repositioning of gold in the investment landscape—as a strategic hedge, not just a temporary bet.”
Future Outlook: What Lies Ahead for Gold Prices?
Short-term Projections
Market experts anticipate gold prices will remain elevated due to:
- Unresolved geopolitical tensions
- Continued central bank diversification efforts
- Ongoing trade policy uncertainties
- Potential economic data volatility
Long-term Strategic Positioning
Gold has evolved from being merely a hedge to becoming a strategic asset class. This transformation reflects changing investor perspectives and the metal’s proven resilience during multiple crisis periods.
Investment Implications for Indian Investors
For Retail Investors:
- Consider gold as a portfolio diversifier (5-10% allocation)
- Evaluate different investment options: physical gold, gold ETFs, or gold mutual funds
- Monitor geopolitical developments for entry/exit timing
For Traders:
- Watch for volatility around geopolitical announcements
- Monitor US dollar strength and Federal Reserve policy decisions
- Keep track of central bank buying patterns
Conclusion: A New Chapter in Gold’s Journey
The breach of the ₹1 lakh barrier represents more than just a numerical milestone—it signifies gold’s evolution into a cornerstone of modern investment strategy. With geopolitical tensions showing no signs of abating and central banks continuing their strategic accumulation, gold’s journey toward higher price levels appears far from over.
As we navigate these uncertain times, gold’s time-tested role as a safe haven continues to shine brightly, offering investors a beacon of stability in an increasingly volatile world.