Gold gains nearly 1% on MCX: Check rates
27 Mar 2026

Gold prices saw an increase on the Multi Commodity Exchange (MCX) today. The rise comes amid a weaker US dollar, which has led to value buying in the yellow metal after its recent decline.

MCX gold June futures surged by nearly 1% to ₹1,43,829 per 10gm while MCX silver May contracts jumped by almost 2% to ₹2,23,978 per kg during morning trading.

Dollar index falls by 0.1%
Market influence

The dollar index has fallen by some 0.1%, making gold a little cheaper in foreign currencies and boosting its demand.

However, high crude oil prices due to ongoing uncertainty over the West Asian conflict remain a major headwind for the yellow metal.

Domestic spot gold prices have fallen nearly 9% so far in March, according to MCX data.

Gold, silver may see mild near-term recovery
Market outlook

Hareesh V, Head of Commodity Research at Geojit Investments, said that "Gold and silver may see a mild near-term recovery, but breaking recent highs looks difficult."

He added that while supportive geopolitics could underpin sentiment, a firm US dollar is likely to cap strong upside.

Jateen Trivedi from LKP Securities also noted the lack of clarity on the reopening of the Strait of Hormuz keeps underlying risks intact with crude price risk not off the table.