New Delhi, March 10 -- Gold prices have rebounded in recent sessions as easing geopolitical tensions in the Middle East and a weaker US dollar lifted demand for the precious metal. However, with domestic prices still a little over Rs.18,000 away from their record high, investors are increasingly asking whether gold could climb toward Rs.2 lakh per 10 grams in the coming months.

On the MCX, gold prices rose to an intraday high of Rs.1,61,675 per 10 grams, over Rs.18,000 below the lifetime high of Rs.1,80,779.

The rally came after comments from US President Donald Trump suggested that the conflict with Iran could end sooner than expected. The easing of geopolitical tensions weakened the US dollar and pushed oil prices lower, both of which...