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Gold on fire after 5-day rally: How high can prices climb?

Business DeskLast Updated: 03 March 2026, 11:37 AM ISTShare Gold extends gains for fifth day as Middle East tensions intensify. Representational Image New Delhi: Gold prices rose for a fifth consecutive session on Tuesday as escalating tensions in West Asia drove investors towards safe-haven assets, while rising crude oil prices fuelled fresh inflation concerns. On the Multi Commodity Exchange of India (MCX), gold April futures climbed 2.53 per cent to Rs 1,66,199 per 10 grams on Monday.

Gold on fire after 5-day rally: How high can prices climb?

Credit: Mathrubhumi

Key Highlights

  • MCX silver May futures, however, declined 0.90 per cent to Rs 2,80,090 per kg.
  • The MCX remained closed for the first half of trading on Tuesday on account of Holi, with evening trade scheduled to resume at 5 pm.
  • Global gold rates climb on safe-haven demand In international markets, spot gold gained 0.8 per cent to $5,360 an ounce, while US gold futures advanced nearly 1 per cent.
  • Spot silver rose about 1.9 per cent to $91.11 an ounce.
  • Market analysts said investors are seeking safety amid intensifying US-Iran hostilities and fears of prolonged geopolitical instability in the Middle East.
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Sources

  1. Gold on fire after 5-day rally: How high can prices climb?

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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