Kuala Lumpur: Gold futures contracts on Bursa Malaysia Derivatives closed higher today as investors turned to the safe-haven asset amid escalating tensions between Israel and Iran.

According to BERNAMA News Agency, the spot-month June 2025 contract rose to US$3,387.10 per troy ounce from Tuesday's US$3,385.60, while the July 2025 note increased to US$3,395.60 from US$3,394.10 previously. The August, September, and October 2025 contracts improved to US$3,415.50 per troy ounce from US$3,413.90 yesterday.

Trading volume slid to 61 lots compared to 96 lots yesterday, while open interest shrank to 88 contracts from 131 contracts previously. Physical gold was priced at US$3,388.45 per troy ounce, according to the London Bullion Market Association's afternoon fix on June 17, 2025.