Gold rate rises on MCX; US-Iran war, dollar's volatility fuel safe haven demand; US Fed meeting in focus
Analysis of this story by livemint_markets · 17 Mar 2026, 9:06 AM IST (about 2 months ago)
AI Analysis
Geopolitical instability and currency fluctuations are driving investors towards traditional safe havens. This trend is likely to continue as long as global uncertainties persist.
Trading Insight
Long positions in gold and silver futures or ETFs are favored, with an eye on global risk events.
Quick check: TATASTEEL bearish bias (+1.5% 1d), HINDALCO neutral (+1.1% 1d).
Key Evidence
- •MCX gold April contracts rose more than half a per cent to ₹1,56,740 per 10 grams.
- •MCX silver May futures climbed more than 1% to ₹2,59,569 per kg.
- •Rise attributed to US-Iran war and dollar's volatility fueling safe haven demand.
- •US Fed meeting is in focus.
- •Risk flag: De-escalation of US-Iran tensions
Sectors:metals
Sources and updates
Original source: livemint_markets
Published: 17 Mar 2026, 9:06 AM IST
Last updated on Anadi News: 17 Mar 2026, 9:23 AM IST
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