US-Iran news: Experts see gap-up opening for gold prices on Monday; give these immediate targets on COMEX and MCX

Key Highlights

• Multi-Commodity Exchange (MCX) data shows that the gold prices for the February 2026 contract closed 0.04% higher at ₹138,875 per 10 grams after Friday's market session, compared to ₹138,819 per 10 grams at the previous close.
• Anuj Gupta, a SEBI-registered commodity expert, said that the gold prices are expected to rise on both the domestic and international markets on the backdrop of the latest reports on military deployment on the Iran border.
• “The yellow metal may open upside and touch $4,550 per ounce, whereas the MCX gold rates may touch ₹142,000 per 10 grams due to the escalation in the US-Iran conflict,” said the market expert.
• Gupta also highlighted that the recent conflict has the potential to “speed up” the rally in the precious metal prices like that of gold and silver in the near term.
• On the technical front on MCX, Ponmudi R, the CEO of Enrich Money, a SEBI-registered online trading and wealthtech firm, said that the gold prices have a key support level in the range of ₹135,000 to ₹137,000 per 10 grams, while the key immediate resistance level stands at ₹140,000 to ₹142,000 per 10 grams.