New Delhi, June 14 -- Gold, silver prices in your city, June 14: The MCX gold prices rose on Friday, crossing the Rs.1 lakh mark as investors pinned hopes on the yellow metal amid the escalating geopolitical conflict in the Middle East, as Israel carried out airstrikes on Iran.

Gold prices are anticipated to draw further attention ahead the US Federal Reserve meeting, fueled by expectations of interest rate cuts after the lower than expected US inflation data.

Amid the ongoing geopolitical risks and volatile markets, commodities such as gold and silver are typically considered safe-haven investments for investors to safeguard their portfolios.

In terms of returns, the gold rate has jumped 30 per cent over the past year, returned 15 per...