Gold Futures Jump ₹1,997 to ₹1.41 Lakh per 10 Grams on Global Rebound Gold prices rebounded sharply in futures trading on Friday, March 27, 2026, as global markets showed signs of recovery and traders seized opportunities following a steep decline the previous day. The Multi Commodity Exchange (MCX) saw the yellow metal for April delivery rise by ₹1,997, or 1.43%, to ₹1,41,490 per 10 grams. This marked a significant reversal from the previous session, where gold futures had plummeted by ₹4,604, or 3.2%, to ₹1,39,493 per 10 grams on Thursday. The June contract also gained ₹1,811, or 1.27%, to ₹1,44,325 per 10 grams, recovering from a previous drop of ₹4,926, or 3.34%, to ₹1,42,514 per 10 grams. The rebound followed a sharp decline in global markets on March 26, 2026, driven by uncertainty over a potential ceasefire in the conflict involving Iran. International gold prices also rose, with the April delivery contract on the Comex climbing by $89.1, or 2.04%, to $4,465.4 per ounce. The June contract similarly advanced by $80.55, or 1.83%, to $4,489.55 per ounce. Analysts attributed the recovery to a pause in tensions, as U.S. President Donald Trump delayed his deadline for Iran to secure a deal to end the war until April 6. This pause provided temporary relief to markets that had been unsettled by nearly a month of hostilities. Jigar Trivedi, a senior research analyst at IndusInd Securities, noted that gold prices had fallen nearly 3% on March 26 due to doubts about a ceasefire and rising energy costs, which fueled inflation concerns. He also highlighted that Trump’s decision to refrain from targeting Iranian energy facilities until April 6 eased market anxiety.#donald_trump #strait_of_hormuz #multi_commodity_exchange #indusind_securities #ram_navami_holiday
