COMMODITY
Gold futures trade bullish on geopolitical tensions
Mar-02-2026
Gold futures traded bullish on MCX, whetted by the safe-haven buying after the joint strikes by the US and Israel on Iranian targets.  Aggressive gold purchases by global central banks, rising inflation and bets on Federal Reserve rate cuts also skyrocketed yellow metal rates. The precious metal recorded its seventh consecutive monthly gain, marking net monthly increase of approximately 5%. 

The contract for April delivery was trading at Rs 167243.00 up by 3.17% or Rs 5139.00 from its previous closing of Rs 162104.00. The open interest of the contract stood at 7859 lots.

The contract for June delivery was trading at Rs 171021.00 up by 3.24% or Rs 5362.00 from its previous closing of Rs 165659.00.The open interest of the contract stood at 1668 on MCX.

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