Gold Price Today [6 March 2026]: Drops to ₹1.62 Lakh/10g on Strong Dollar | City-Wise Rates - The Sunday Guardian
Analysis of this story by The Sunday Guardian · 7 Mar 2026, 10:20 AM IST (about 2 months ago)
AI Analysis
The commodities sector, particularly precious metals, is currently under pressure from a strong US Dollar and rising oil prices, which are dampening expectations for interest rate cuts. This creates a challenging environment for gold.
Trading Insight
Maintain a bearish bias on gold; consider short positions in MCX Gold futures or reducing holdings in gold-backed instruments, with strict stop-losses if the dollar weakens significantly or geopolitical tensions escalate further.
Quick check: NIFTY neutral, RELIANCE neutral (-0.6% 1d).
Key Evidence
- •Gold price dropped to ₹1.62 Lakh/10g on March 6, 2026.
- •The primary reason for the drop was a strong US Dollar.
- •Gold continued to ease to $5,093 on March 13, 2026, due to a firmer dollar and Middle East crisis concerns.
- •Domestic rates also dropped to ₹1.62 Lakh/10g on March 13, 2026.
- •Gold is set for a weekly drop as oil price surge weighs on rate-cut hopes.
Sources and updates
Original source: The Sunday Guardian
Published: 7 Mar 2026, 10:20 AM IST
Last updated on Anadi News: 14 Mar 2026, 9:25 AM IST
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