The gold market is witnessing an extraordinary surge as we enter March 2026. Within just one month, the price of 24K gold has jumped by a staggering Rs 81,300 per 100 grams. This massive rally has pushed domestic rates to approximately Rs 1,64,000 per 10 grams, leaving investors and buyers in a whirlwind of speculation.
The primary driver behind this “gold fever” is the escalating conflict in the Middle East. Following recent military actions involving the US, Israel, and Iran, global markets have shifted into a “risk-off” mode. As tensions rise, investors are flocking to gold as the ultimate safe-haven asset to protect their wealth from currency volatility and potential energy supply disruptions through the Strait of Hormuz.
Market analysts predict that if the Iran-US standoff intensifies, gold could breach the $5,500 per ounce mark internationally. While a brief period of profit-taking might occur, the overall sentiment remains bullish. For those looking to hedge against uncertainty, the “yellow metal” continues to be the top choice.
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