Gold prices in India rose due to geopolitical tensions

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Gold prices in India continued to rise on Friday, June 13, as global tensions grew after Israel launched strikes on Iran. This is the second day in a row that gold prices have gone up.

In Delhi, the price of 24-carat gold touched Rs 99,463 per 10 grams, the highest among major cities. The rate for 22-carat gold in the capital was Rs 91,183 for the same quantity.

The rise in prices is being linked to worries over a possible wider conflict in the Middle East, which has made investors turn to gold as a safe place to park money. This trend is common during times of geopolitical unrest.

The price of gold increased in most metro cities on Friday. The rise was sharp, with 24-carat gold going up by Rs 880 per 10 grams and 22-carat gold climbing Rs 800 per 10 grams.

In Bangalore, 24-carat gold was priced at Rs 99,305 and 22-carat gold stood at Rs 91,025.

In Chennai, the prices were slightly higher at Rs 99,311 for 24-carat and Rs 91,031 for 22-carat gold.

Delhi topped the list at Rs 99,463 (24-carat) and Rs 91,183 (22-carat).

Mumbai, Kolkata, and Pune also saw steep rises. The 24-carat gold rate in Mumbai was Rs 99,317, while 22-carat gold was priced at Rs 91,037. Kolkata followed with Rs 99,315 (24-carat) and Rs 91,035 (22-carat). Pune recorded Rs 99,323 for 24-carat and Rs 91,043 for 22-carat gold.

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