Mumbai, June 16 -- Even though gold prices hover close to Rs.1 lakh per 10g, market experts still advise adding the yellow metal to their portfolios in an uncertain global environment through exchange-traded or multi-asset funds.

On 13 June, the price of 99.9% pure gold spiked 1.6% to Rs.99,058 per 10g, according to the India Bullion and Jewellers Association (IBJA), after fluctuating between Rs.95,000 and Rs.97,000 for nearly a month.

That came as Israel launched 'Operation Rising Lion' against Iran, calling it a targeted military mission to eliminate threats to its national security. Israel's Prime Minister Benjamin Netanyahu said the operation would continue until the Iranian threat is removed. A prolonged conflict will not only driv...