MCX Afternoon Wrap: Gold futures break above Rs 150000 per 10 grams

COMEX gold stayed largely supported today after falling last week as markets continued to assess the US-Iran war developments. The metal edged lower from a two-week high as oil prices surged after Donald Trump speech and dollar regained momentum. The dollar index rebounded after Trump reiterated that Iran?s military capabilities were significantly weakened, signaling an end to the conflict. Gold lost around 12% in March 2026 after testing a three and half month low of $4100 per ounce. Weakness in the US dollar boosted the counter today as the metal trades up 1% at $4730 per ounce. MCX Gold futures are trading at Rs 150919 per 10 grams, up 0.83% on the day amid sustained gains throughout the day after opening in red. MCX Silver is also up 0.82% at Rs 234402 per kg. Gains were forceful in afternoon trades.

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