Overview
- International spot gold hovered around $5,172 per ounce late March 8–9 after rebounding from last week’s pullback.
- Indian 24K rates eased marginally to roughly ₹1.63 lakh per 10 grams, reflecting consolidation after a sharp recovery a day earlier.
- Futures stayed firm, with COMEX trading around $5,158–$5,181 and MCX previously breaking ₹1.65 lakh and testing the ₹1.69–₹1.70 lakh zone.
- Analysts flagged a volatile week ahead, noting that further escalation could support prices while signs of de‑escalation may spur sharp selling.
- Regional moves echoed the trend, with Dubai 24K at Dh620 per gram and Pakistan’s local gold benchmark rising after a four‑day break as global prices firmed.