India, June 13 -- By Daksh Grover
New Delhi [India], June 13 (ANI): Gold prices in India breached the Rs 1 lakh per 10-gram mark to reach at an all-time high level on Friday, boosted by the weakness in the domestic currency, and rising safe-haven demand as Israel launched an airstrike on Iran.
Gold on Multi Commodity exchange (MCX), as of 10:40 am IST, was up about 1.8 per cent to reach Rs.1,00,191 per 10 grams. Gold hit an all-time high at Rs.1,00,403 per 10 gram earlier in the session.
"Gold's safe-haven demand due to the Israel-Iran conflict, coupled with a stronger US dollar, has driven Indian (MCX) gold prices to new highs," said Mrinesh Jain, Director, Bombay Bullion Metal Hub LLP.
The Indian rupee witnessed some weakness agains...
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