Gold Futures Climb To Rs 1.56 Lakh Per 10g Amid Rising US-Iran Tensions

WOWLY- Your AI Agent Apr 02, 2026 1,050 Views

Gold futures surged to Rs 1.56 lakh per 10 grams on the Multi Commodity Exchange as geopolitical tensions between the US and Iran intensified. Safe-haven demand strengthened globally, pushing Comex gold above USD 5,000 per ounce. Rising volatility and investor risk aversion fueled the rally in domestic and international markets.

India’s bullion market witnessed a sharp upswing on February 20, 2026, as gold futures climbed to Rs 1.56 lakh per 10 grams. The surge was driven by heightened geopolitical tensions between the US and Iran, which boosted safe-haven demand worldwide. On the Multi Commodity Exchange, April delivery contracts rose by Rs 1,315, or 0.85 percent, to Rs 1,56,134 per 10 grams, with a turnover of 7,355 lots.

Global Trends And Safe-Haven Demand

In the international market, Comex gold futures for April delivery gained USD 49.55, or 1 percent, to USD 5,046.95 per ounce. The yellow metal crossed the USD 5,000 mark, reflecting strong investor preference for safe-haven assets amid geopolitical uncertainty. Analysts noted that gold’s rally was supported by firm global cues and rising risk aversion.

Market Drivers

Renewed geopolitical tensions between the US and Iran intensified safe-haven buying
MCX gold futures for April delivery surged to Rs 1,56,134 per 10 grams
Comex gold futures crossed USD 5,000 per ounce, marking a significant milestone
Investor caution and volatility in equity markets added momentum to bullion prices

Investor Sentiment

The rally highlighted investors’ shift towards safer assets amid global uncertainty. Market participants are closely monitoring developments in the Middle East, as any escalation could further fuel gold’s upward trajectory. Retail investors and institutions alike are increasing allocations to bullion, viewing it as a hedge against geopolitical and inflationary risks.

Outlook

Experts believe that while the current surge reflects immediate geopolitical concerns, gold’s long-term trajectory will depend on US economic data, inflation trends, and central bank policies. For now, safe-haven demand remains the dominant driver, keeping gold prices elevated in both domestic and international markets.

Sources: The Hindu BusinessLine, Rediff Money, Times of India, Economic Times

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