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Gold Price Today: MCX Gold Rises to Rs. 1,61,000 as Weak Dollar and Geopolitical Risks Boost Safe-Haven Demand
Gold prices strengthened in early trading on Friday (6 March 2026) as currency movement and global uncertainty continue to support the demand for safe-haven assets. On the Multi Commodity Exchange (MCX), gold April futures rose nearly 1% to around Rs. 1,61,108 per 10 grams, while Silver May contract jumped about 2.4% to Rs. 2,68,378 per kg.
Market participants attributed the rally primarily to a lower value of the US dollar and increased safe-haven demand amid geopolitical tensions.
Domestic Gold Prices
The price of 24K gold decreased by Rs. 1 in early trade, with ten grams of the precious metal trading at Rs. 1,62,870. The price of 22K gold also declined by Rs. 1, with ten grams of the yellow metal selling at Rs. 1,49,290.
The price of ten grams of 24K gold stood at Rs. 1,62,870 in Mumbai and Kolkata and Rs. 1,64,940 in Chennai.
In Delhi, the price of ten grams of 24K gold stood at Rs. 1,63,020.
Weak Dollar Supports Bullion
The US dollar index declined about 0.40% to 98.94. International buyers could purchase gold and other dollar-denominated commodities at a lower price. The weaker dollar condition supports bullion prices as it increases the purchasing power of investors overseas.
Geopolitical Tensions Drive Safe-Haven Demand
The rising conflicts in West Asia continue driving gold prices. The ongoing United States, Israel, and Iran conflict now continues into its seventh day, raising concerns about regional stability.
The conflict has already disrupted energy markets and pushed crude oil prices higher. The rising oil prices lead to higher inflation rates, which drive demand for precious metals high all over the world.
Focus on US Jobs Data
Investors are now turning their attention to the US February employment report, which could provide fresh clues about the Federal Reserve’s future policy stance.
Recent data showed initial jobless claims remained steady at 213,000 for the week ending February 28, indicating continued resilience in the US labor market.
Also Read: Gold, Silver ETF Regulations to Change from April 1, Here's What You Need to Know
Key Levels to Watch
On MCX, gold has support at Rs. 1,58,000-Rs. 1,56,600, while resistance is seen at Rs. 1,61,100 and Rs. 1,62,800, and silver has support at Rs. 2,57,700 and Rs. 2,52,000, while resistance could emerge near Rs. 2,66,000 and Rs. 2,71,000.
Internationally, gold has support at $5,038 and $4,984, while resistance is at $5,120 and $5,166 per troy ounce, and silver has support at $80 and $76.60, while resistance is at $84.80 and $88 per troy ounce.
