Saturday, March 29, 2025
New Delhi: March 15, 2026 A continuous decline for the second consecutive week in the Indian market has left gold investors deeply concerned. On the Multi Commodity Exchange (MCX), gold prices closed lower at ₹1,58,400 per 10 grams, slipping below the critical psychological level of 1.60 lakh. Global geopolitical tensions and shifts in the US economy are cited as the primary drivers behind this slump.
International gold prices are showing a sluggish trend, hovering around $5,120 per ounce on COMEX. While the escalating conflict between the USA, Iran, and Israel—alongside aggressive rhetoric from President Donald Trump—has created a global climate of uncertainty, gold’s typical “safe haven” rally has been stalled. This is largely due to a strengthening US Dollar and a rise in Bond Yields (4.27%), which have put the brakes on gold’s momentum.
Market analysts suggest that gold is currently at a crossroads. Depending on market support, two scenarios are likely:
The Bullish Scenario: If the price sustains above the ₹1,58,000 level, it could potentially rebound to ₹1,62,000 – ₹1,65,000 in the coming days. In a severe geopolitical crisis, it might even touch the ₹1,70,000 mark.
The Bearish Scenario: If the price slips below ₹1,57,000, experts warn of a sharper decline. This could push prices down toward the ₹1,50,000 support zone.
Investor Advice: In this period of high volatility, investors are advised to exercise caution and keep a sharp eye on shifting market trends.
