Sensex: 77,496.36 (-1.52%)

Nifty: 23,815.20 (-1.50%)

anubhai angaldas Securities Pvt. Ltd. Member: BSE - NSE - CDSL

Technology . Transparency . Trust

Contact Us
Apply For IPO

MARKET

Commodity News Details
Gold rally unravels as conflict drags and rate-cut bets recede
02-Apr-2026 14:23
Gold prices tumbled more than 4% to around $4,660 per ounce on Thursday, abruptly snapping a four-day rally as fading hopes of a swift resolution to the Middle East conflict dented sentiment. In a pivotal address, Donald Trump struck a decidedly hawkish tone, warning of intensified military action over the next two to three weeks'effectively dashing expectations of near-term de-escalation. The rhetoric sparked a sharp rebound in the US dollar alongside a surge in Treasury yields, significantly elevating the opportunity cost of holding non-yielding gold. Simultaneously, a strong rally in oil prices amplified inflationary concerns, further tempering expectations of imminent rate cuts. On the domestic front, MCX June gold futures slid to a low of ₹1, 47,100 per 10 grams, shedding nearly ₹5,000. The broader trend remains decisively bearish, with gold posting steep losses of nearly 9% in March domestically and around 11% in international markets, underscoring persistent downside pressure.

Powered by Commodity Insights

Attention Investor
As per CDSL communiqué Kindly update your Email ID, Mobile Number & Income Range in CDSL demat Account on or before 31st May 2021, Non Compliance Account will be INACTIVE after 31st May 2021. | Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day......................issued in the interest of investors.  | "No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account." | "KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."    Prevent unauthorised transactions in your account --> Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day .......... Issued in the interest of Investors.