Gold prices surged in futures trade on Wednesday, reaching Rs 1.49 lakh per 10 grams, driven by strong global cues and increased demand for the safe-haven asset.
MCX Gold Futures Rise
On the Multi Commodity Exchange (MCX), the gold contract for August delivery jumped by Rs 915, or 0.61 percent, to Rs 1,49,847 per 10 grams. The rally was supported by robust buying activity, with 9,122 lots traded during the session.
Global Factors Drive Rally
The uptick in domestic gold futures mirrored a broader global trend, as international gold prices rose amid geopolitical uncertainties and expectations of a dovish stance by major central banks. Investors turned to gold as a hedge against inflation and market volatility.
Market analysts attributed the surge to a weaker US dollar and falling bond yields, which made gold more attractive. Additionally, concerns over global economic growth continued to boost demand for the yellow metal.
The latest price movement marks a significant milestone for gold, which has been on an upward trajectory in recent months. Experts predict that gold may test higher levels if global uncertainties persist.
As of 09:52 IST on June 12, 2026, the August gold contract remained elevated, with traders closely watching international markets for further cues.
