Amid rising geopolitical tensions in the Middle East, gold prices in India surged to ₹100,300 per 10 grams on the Multi Commodity Exchange (MCX), marking a fresh multi-week high. This sharp rally underscores gold's traditional role as a safe-haven asset during periods of global instability.

The price spike follows worsening hostilities in the Middle East, which have triggered widespread market anxiety, prompting investors to shift capital into more secure assets like precious metals. As crude oil prices climb and equities wobble, gold continues to attract risk-averse buyers.

Market experts believe the upward momentum could persist, especially if geopolitical tensions escalate further or impact oil supply chains. Analysts are advising a “buy the dip” strategy, recommending accumulation around the technical support level of ₹99,000, which has previously acted as a strong floor.

Demand for physical gold has also risen in domestic markets, particularly among retail investors and jewellers anticipating further gains. Meanwhile, global spot gold prices have mirrored the trend, hovering near $2,450 an ounce amid a weaker dollar and falling treasury yields.

Commodity strategists suggest that a sustained break above ₹100,500 could lead to a new leg of the rally, with near-term targets between ₹101,000 and ₹102,200 if global uncertainty persists.

With the world closely watching the Middle East and broader financial markets adjusting to evolving risks, gold remains one of the few assets offering both safety and short-term upside, making it a top pick among traders and long-term investors alike.