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Gold rallies Rs 2,200 to Rs 1.01 lakh/10 g as tensions in Middle East escalate

New Delhi, Jun 13 (PTI) Rising for the third consecutive day, gold prices on Friday surged Rs 2,200 to trade near a record high of Rs 1,01,540 per 10 grams in the national capital amid heightened tensions following Israel’s military strike on Iran, which drove investors to the safe-haven asset. According to the All India Sarafa Association, the precious metal of 99.5 per cent purity rallied by Rs 1,900 to Rs 1,00,700 per 10 grams (inclusive of all taxes). On April 22, the yellow metal had climbed Rs 1,800 to hit a lifetime high of Rs 1,01,600 per 10 grams.

Investigators search the Air India crash site for clues to the cause and more potential victims

AHMEDABAD, India, June 13, 2025 (AP) — Investigators on Friday searched the site of one of India’s worst aviation disasters, and Prime Minister Narendra Modi met with the lone surviving passenger a day after an Air India plane split apart and fell from the sky, killing 241 people on board and several people on the ground. The London-bound Boeing 787 struck a medical college hostel when it fell in a residential area of the northwestern city of Ahmedabad minutes after takeoff Thursday. Most of the bodies were charred beyond recognition, and DNA testing was being conducted to identify the victims.

Indian gold futures breach key 100,000 rupees level for first time ever

MUMBAI, June 13 (Reuters) – Indian gold futures rose above the psychologically important 100,000 rupees ($1,161.02) per 10 grams mark for the first time ever on Friday morning, on a weak rupee and tracking gains in overseas markets, dealer said. Domestic gold futures rose 2% to a record high of 100,403 rupees per 10 grams in early trade, squeezing demand in the world’s second-biggest consumer of the precious metal, dealers said. ($1 = 86.1310 Indian rupees)

Rupee plummets 56 paise to 86.08 against US dollar in early trade

Mumbai, Jun 13 (PTI) Rupee declined 56 paise to 86.08 against the US dollar in early trade on Friday due to a spike in global oil prices and a firm dollar amid rising tensions in the Middle East following a fresh Israel attack on Iran’s nuclear sites. A weak opening in domestic equity markets and heavy FII outflows further contributed to the fall in the local unit, forex traders said. At the interbank foreign exchange, the local unit opened at 86.25 against the greenback before inching up to 86.08, down 56 paise from its previous close. The rupee had settled

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