Gold rate today: Yellow metal slips below ₹1.60 lakh level. Is it the right time to buy amid US-Iran war?
Analysis of this story by livemint_markets · 15 Mar 2026, 1:24 PM IST (about 2 months ago)
AI Analysis
The auto sector is currently facing significant headwinds, with Nifty Auto experiencing a sharp decline due to LNG supply risks and broader market weakness. This negative sentiment could persist, impacting demand for vehicles.
Trading Insight
Maintain a bearish bias on auto stocks; look for shorting opportunities on rallies with strict stop-losses.
Quick check: NIFTY neutral, MARUTI bearish bias (oversold).
Key Evidence
- •MCX gold prices settled marginally lower at ₹1,58,400 per 10 grams on Friday.
- •COMEX gold rate was hovering around $5,120/oz.
- •Previous reports indicated gold prices were above ₹1.60 lakh amid US-Iran war concerns.
- •Risk flag: Sudden resolution of LNG supply issues
- •Risk flag: Government stimulus for the auto sector
Sources and updates
Original source: livemint_markets
Published: 15 Mar 2026, 1:24 PM IST
Last updated on Anadi News: 15 Mar 2026, 1:30 PM IST
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