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Gold rate today in India at ₹1.61 lakh as US dollar dips on cooling crude oil prices. US-Iran war in focus

Gold rate today in India: The gold futures contract for April 2026 expiry on the MCX opened upside at ₹1,61,743 per 10 gm and touched an intraday high of ₹1,61,791

Mar 10, 2026 &03201010202631; 04:20 UTC www.livemint.com Trending 4/5

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Positive for markets

Sentiment score: +65/100

Moderate impact Short-term (days)

WHAT THIS MEANS

Gold prices in India reached ₹1.61 lakh per 10g as the US dollar weakened due to declining crude oil prices, with geopolitical tensions between US and Iran adding volatility to commodity markets. The April 2026 gold futures contract on MCX showed strength with intraday highs near ₹1,61,791.

AI CONFIDENCE

75% High

SENTIMENT GAUGE

NEWS POWER SCORE

AFFECTED ASSETS

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Gold Futures

GC=FCommodity

Expected to rise

Weakening US dollar and geopolitical tensions supporting gold prices; crude oil decline reducing inflation concerns

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Oil (WTI Crude)

CL=FCommodity

Expected to decline

Crude oil prices cooling, reducing energy-related inflation pressures

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Euro / US Dollar

EURUSDCurrency

Expected to rise

US dollar weakness supporting euro appreciation

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US Dollar / Yen

USDJPYCurrency

Expected to decline

Weakening US dollar against major currencies

PRICE HISTORY

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⚡ SUGGESTED ACTION

Consider long positions in gold (GC=F) on USD weakness and geopolitical uncertainty, while monitoring crude oil (CL=F) for further downside. Watch US-Iran developments closely as escalation could reverse current trends.

KEY SIGNALS

Gold strength on USD weaknessCrude oil price declineUS-Iran geopolitical risk premiumMCX gold futures upside momentumSafe-haven demand increasing

SECTORS INVOLVED

CommoditiesPrecious MetalsEnergy

Analysis generated on Mar 10, 2026 at 04:24 UTC

Disclaimer: This analysis is generated by artificial intelligence for informational purposes only and does not constitute financial advice, investment recommendation, or solicitation. Original reporting by Livemint. Always conduct your own research and consult a qualified financial advisor before making investment decisions.

Gold rate today in India at ₹1.61 lakh as US dollar dips on cooling crude oil prices. US-Iran war in focus

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