Overview
- International prices hovered in the low $5,100s per ounce on March 13 after midweek trade near $5,180, leaving gold on course for roughly a 1% weekly decline.
- Indian retail 24K rates clustered around ₹1.61–₹1.62 lakh per 10 grams across major cities, reflecting the global pullback and currency effects.
- On MCX, April gold futures briefly traded near ₹1.60 lakh early Friday before sliding by ₹992 to ₹1,59,279, tracking a firmer US dollar and softer overseas cues.
- Silver swung sharply this week, falling to ₹2.75 lakh/kg on March 11 and rebounding to ₹2.76 lakh/kg the next day, with MCX silver fluctuating around ₹2.68–₹2.71 lakh/kg.
- Oil above $100 and Strait of Hormuz disruptions sustained inflation concerns and safe‑haven interest, but gains were capped by dollar strength, higher US yields, and a record‑low rupee that amplified local volatility.