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Gold prices witnessed a sharp rally on 25 March 2026. The surge comes amid signals of de-escalation talks for the US-Iran war in the Middle East. The US is pursuing a diplomatic resolution to the conflict with Iran even as it continues to deploy additional troops to the Middle East.
Gold April futures increased 3.63% to Rs. 1,43,960 per 10 grams on Multi-Commodity Exchange, while Silver May contract advanced 5.46% to Rs. 2,36,171per kg.
The price of 24K gold increased by Rs. 376 in early trade, with ten grams of precious metal trading at Rs. 1,46,670. The price of 22K gold also increased by Rs. 345, with ten grams of yellow metal selling at Rs. 1,34,450.
The price of ten grams of 24K gold stood at Rs. 1,46,670 in Mumbai and Kolkata, and Rs. 1,48,370 in Chennai. In Delhi, the price of 10 grams of 24K gold was Rs. 1,46,820.
According to a Bloomberg report, US President Donald Trump indicated that Iran had offered a “present” to demonstrate goodwill in negotiations, saying it was linked to energy flows through the Strait of Hormuz.
The US is exploring the possibility of high-level peace talks as early as Thursday, though they are still awaiting a response from Tehran, the report said.
US gold rose over 2% on Wednesday, 25 March 2026, fueled by a softer dollar, while a drop in oil prices eased concerns about elevated inflation and higher global interest rates, amid reports of a US plan to end the West Asia war.
Spot gold rose 2.5% to $4,587.09 per ounce. US gold futures for April 2026 delivery gained 4.2% to $4,586.10. The dollar eased, making greenback-priced bullion cheaper for holders of other currencies.
Among other metals, spot silver rose 3.6% to $73.78 per ounce. Spot platinum gained 2.2% to $1,978.10, and palladium was up 1.5% at $1,461.56.
Also Read: Why Indian Stock Market, Gold and Silver Prices Are Moving in the Same Direction
Internationally, Gold is approaching $4,600, extending the 1.5% recovery from the previous day.
The immediate support for gold becomes the previous day's opening near $4,380, followed by the low registered on Monday, 23 March 2026, at $4,099.
On the upside, the short-term recovery could face resistance near the high of Sunday, 22 March 2026, at $4,736, followed by the $5,000 psychological level.
