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Gold prices on Multi-Commodity Exchange (MCX) opened flat amid no signs of de-escalation in the Middle East conflict. At the press time, Gold April futures are trading at Rs. 1,60,000 per 10 grams with 271 points or 0.17% decline, while the Silver contract for May futures trades at Rs. 2,67,199 per kg with 0.28% or 763 points dip.
The price of 24K gold decreased by Rs. 98 in early trade, with ten grams of precious metal trading at Rs. 1,61,240. The price of 22K gold also declined by Rs. 90, with ten grams of yellow metal selling at Rs. 1,47,800.
The price of ten grams of 24K gold stood at Rs. 1,61,240 in Mumbai and Kolkata and Rs. 1,62 560 in Chennai. In Delhi, the price of 10 grams of 24K gold was Rs. 1,61,390.
Gold prices in the US climbed on Friday, 13 March 2026. This increase was mainly supported by a weaker value of the US dollar and declining US Treasury yields. Investors continue to assess the economic effects of the escalating conflict in West Asia.
Spot gold was up 0.7% at $5,112.34 per ounce. US gold futures for April delivery edged 0.2% lower to $5,115.80. Spot silver was up 1.5% at $85.03 per ounce. Spot platinum gained 1.3% to $2,159.01.
In the international market, the COMEX gold rate is trading around $5,120/oz.
The Gold price is mainly driven by the US-Iran Conflict, the US dollar, and rising oil prices; these factors increase gold’s appeal as a safe-haven asset amid global uncertainty.
As the Strait of Hormuz is closed, which is responsible for transporting around 20% of global oil supply, the oil prices are in an uptrend globally amid high demand. Crude oil per barrel has moved above $100 again, trading at $100.25 per barrel.
The US Dollar has stopped rising after three days of gain, with the drop of US Treasury bond yields. This shift is now helping the price of gold and other precious metals stay steady or rise.
Investors are awaiting the release of the US Personal Consumption Expenditures (PCE) Price Index. The crucial inflation data will play a key role in influencing market expectations about the growing worry of surge in consumer prices brought on by the ongoing war.
Also Read: Why are Gold Prices Rising in 2026? Major Factors Driving the Surge
Internationally, immediate support can be seen at $5,090; a break below this level may expose the metal toward $5,040, while resistance is at $5,160.
On MCX, strong buying interest is seen at Rs. 1,56,000-Rs. 1,57,000 demand zone. A sustained breakout above Rs .1,65,000 could revive bullish momentum toward Rs. 1,75,000 to ₹1,80,000.
