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Gold prices rebounded by ₹ 1,997 to ₹ 1.41 lakh per 10 grams successful futures commercialized connected Friday (March 27, 2026), tracking gains successful planetary markets and bargain buying by traders aft a crisp decline.
On the Multi Commodity Exchange (MCX), the yellowish metallic for April transportation accrued ₹ 1,997, oregon 1.43%, to ₹ 1,41,490 per 10 grams. It had settled astatine ₹ 1,39,493 per 10 grams, down by ₹4,604, oregon 3.2%, connected Thursday (March 26, 2026).
Also read: West Asia warfare updates connected March 27, 2026
Similarly, the June declaration besides appreciated by ₹ 1,811, oregon 1.27%, to ₹ 1,44,325 per 10 grams connected the MCX. In the erstwhile session, golden futures slumped by ₹4,926, oregon 3.34%, to ₹ 1,42,514 per 10 grams.
Commodity markets were closed successful the greeting league connected relationship of Ram Navami and resumed trading successful the evening league connected Thursday (March 26, 2026).
In the planetary market, golden for April transportation connected the Comex roseate by $89.1, oregon 2.04%, to $4,465.4 per ounce. The June declaration besides precocious $80.55, oregon 1.83%, to $4,489.55 per ounce.
“Gold roseate supra $4,400 per ounce aft a crisp diminution successful the erstwhile league arsenic U.S. President Donald Trump pushed backmost his deadline for Iran to unafraid a woody to extremity the war,” Jigar Trivedi, Senior Research Analyst astatine IndusInd Securities, said.
He added that Mr. Trump had pledged to refrain from targeting Iranian vigor facilities until April 6, providing immoderate alleviation to markets unsettled by astir a period of hostilities.
Mr. Trump besides said Iran had allowed 10 lipid tankers to walk done the Strait of Hormuz this week arsenic a “present” to the United States.
Meanwhile, Iran had rejected Washington’s 15-point program and submitted its ain conditions, including designation of Tehran’s authorization implicit Hormuz, to extremity the war.
Gold dropped astir 3% successful the planetary markets connected Thursday (March 26, 2026), amid doubts implicit a imaginable ceasefire, portion rising vigor costs fuelled ostentation concerns and heightened expectations of involvement complaint hikes by large cardinal banks, Trivedi said.
He added that golden futures whitethorn widen gains successful the adjacent term, tracking spot successful the overseas markets.
