On May 12, 2026, gold prices on the Multi Commodity Exchange (MCX) opened at ₹1,53,999 per 10 grams and quickly climbed to an intraday high of ₹1,54,243, reflecting a gain of ₹580. This surge is largely driven by increased safe-haven demand amid the escalating US-Iran war, which has created uncertainty in the global economy. Analysts, including Anuj Gupta, suggest that if the MCX gold rate breaks the resistance at ₹1,55,000, it may target levels of ₹1,60,000 and ₹1,65,000. In the international market, COMEX gold is trading around $4,730 per ounce, with expectations to reach $4,750 and $4,800 if it maintains above $4,680. Ravi Singh from Master Capital Services noted that a softer U.S. dollar and stable Treasury yields have enhanced gold's appeal, reinforcing a bullish market sentiment. The Relative Strength Index (RSI) indicates room for further price appreciation, with immediate support shifting to the ₹152,000 zone. Investors are advised to remain cautious and consult certified experts before making investment decisions.