Overview
- Prices pushed higher on Wednesday, with spot gold briefly touching about $4,723 before hovering near $4,680 and silver trading around $75 per ounce.
- Traders pointed to President Donald Trump’s comment that the U.S. could end the Iran war and leave within two to three weeks, which eased the dollar and lifted bullion.
- March still closed with the steepest monthly fall for gold since 2008, down roughly 13% after mid‑month selling tied to costlier oil and expectations for sticky U.S. interest rates.
- Indian markets tracked the rebound as 24‑carat gold averaged about ₹1.49 lakh per 10 grams and MCX futures were reported near ₹1.52 lakh, while silver reached roughly ₹2.50 lakh per kilogram.
- Focus now turns to U.S. jobs data, oil near $100 a barrel, and Federal Reserve guidance, with technicians watching support near $4,400 in case the downtrend resumes.