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Gold prices recovered by ₹1,997 to ₹1.41 lakh per 10 grams in futures trade on Friday (March 27, 2026), tracking gains in global markets and bargain buying by traders after a sharp decline.
On the Multi Commodity Exchange (MCX), the yellow metal for April delivery rose ₹1,997, or 1.43%, to ₹1,41,490 per 10 gram. It had settled at ₹1,39,493 per 10 grams, a fall of ₹4,604, or 3.2%, on Thursday (March 26, 2026).
Also Read: West Asia War Updates on March 27, 2026
Similarly, the June contract also appreciated by ₹1,811, or 1.27%, to ₹1,44,325 per 10 grams on the MCX. In the previous session, gold futures fell by Rs 4,926, or 3.34%, to Rs 1,42,514 per 10 grams.
Commodity markets closed in the morning session due to Ram Navami and resumed trading in the afternoon session on Thursday (March 26, 2026).
In the international market, gold for delivery in April on the Comex rose 89.1 dollars (2.04%), to 4,465.4 dollars per ounce. The June contract also rose $80.55, or 1.83%, to $4,489.55 an ounce.
“Gold rose above $4,400 an ounce after a sharp decline in the previous session when US President Donald Trump pushed back his deadline for Iran to reach a deal to end the war,” said Jigar Trivedi, senior research analyst at IndusInd Securities.
He added that Trump had pledged to refrain from attacking Iranian energy facilities until April 6, providing some relief to markets unsettled by nearly a month of hostilities.
Trump also said that Iran had allowed 10 oil tankers to pass through the Strait of Hormuz this week as a “gift” to the United States.
Iran, meanwhile, had rejected Washington’s 15-point plan and put forward its own conditions, including recognition of Tehran’s authority over Hormuz, to end the war.
Gold fell almost 3% in global markets on Thursday (March 26, 2026), amid doubts over a possible ceasefire, while rising energy costs fueled inflation concerns and raised expectations of interest rate hikes by major central banks, Trivedi said.
He added that gold futures may extend gains in the near term, following the strength of foreign markets.
Published – March 27, 2026 01:27 pm IST