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Commodity News Details
Gold rebounces after melting 3.50% in last session as safe haven demand stays in place
04-Mar-2026 15:05
COMEX Gold futures soared today as safe haven buying stayed in place after the US and Israel launched joint attacks on Iran. Gold had lost around 3.50% yesterday in volatile trades, testing around two-week low but moved up impressively today. The metal had dropped amid a sharp upswing in the US dollar in last session but seems to have come back to winning ways, largely holding onto the 10% surge in Feb-25. Crude oil prices are near eight-month high, offering a strong boost for Gold. MCX Gold futures are trading at Rs 163346 per 10 grams, up 1.39% on the day after hitting a high of Rs 163800 per 10 grams. The counter lost 3% yesterday.

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