India, June 2 -- Gold prices rose nearly 1% in futures trade on Tuesday as investors turned to safe-haven assets amid renewed geopolitical concerns surrounding the US-Iran conflict.
On the Multi Commodity Exchange of India, the August gold contract gained Rs 1,313, or 0.82%, to Rs 1,60,554 per 10 grams, with a business turnover of 8,150 lots.
Market participants noted that escalating geopolitical tensions in West Asia and uncertainty over efforts to secure a lasting peace agreement between the US and Iran boosted demand for precious metals. The heightened risk environment encouraged investors to seek safety in gold, supporting prices in both domestic and global markets.
Published by HT Digital Content Services with permission from Dion G...