New Delhi, March 2 -- Gold prices rose more than 1pc on Monday after the United States (US) and Israel launched major strikes on Iran, escalating geopolitical tensions in West Asia and deepening global economic uncertainty.
Spot gold was up 1.35 pc at USD 5,348.49 per ounce as of 2316 GMT, while US gold futures climbed 2.2 percent to USD 5,362.30 per ounce. The rally underscores investor flight to safety amid rising geopolitical risks.
Bullion, traditionally viewed as a safe-haven asset during times of crisis, has already scaled successive record highs this year.
The latest spike builds on an extraordinary 64 per cent surge in 2025, supported by aggressive central bank purchases, strong inflows into gold-backed exchange-traded funds (ETF...