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Gold rate drops ₹18,000 from record high: Can prices hit ₹2 lakh amid US-Iran war de-escalation hopes?

Gold prices have rebounded amid easing geopolitical tensions and a weaker dollar, reaching ₹1,62,388 per 10 grams. Analysts expect consolidation in the short term, but long-term factors may push prices closer to ₹2 lakh.

Mar 10, 2026 &03331010202631; 08:33 UTC www.livemint.com Trending 5/5

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Neutral impact

Sentiment score: +15/100

Moderate impact Medium-term (weeks)

WHAT THIS MEANS

Gold prices have declined ₹18,000 from record highs but rebounded to ₹1,62,388/10g amid US-Iran de-escalation hopes and dollar weakness. Analysts anticipate short-term consolidation with potential long-term upside toward ₹2 lakh as geopolitical risks persist.

AI CONFIDENCE

72% High

SENTIMENT GAUGE

NEWS POWER SCORE

AFFECTED ASSETS

⇅

Gold Futures

GC=FCommodity

High volatility expected

Gold prices rebounding from record highs on geopolitical de-escalation and USD weakness, but facing consolidation pressure in near term

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Euro / US Dollar

EURUSDCurrency

Expected to rise

Weaker US dollar supporting gold prices and benefiting EUR/USD pair

↓

US Dollar / Yen

USDJPYCurrency

Expected to decline

Dollar weakness reducing safe-haven demand for yen relative to gold

PRICE HISTORY

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⚡ SUGGESTED ACTION

Consider accumulating gold on consolidation dips targeting ₹2 lakh resistance, while monitoring US-Iran developments and dollar strength. Short-term traders should await breakout confirmation above ₹1,65,000 before establishing fresh long positions.

KEY SIGNALS

Geopolitical tension de-escalation reducing safe-haven demandUS dollar weakness supporting gold pricesShort-term consolidation phase expectedLong-term upside potential toward ₹2 lakh per 10gRecord high pullback of ₹18,000 indicates profit-taking

SECTORS INVOLVED

CommoditiesPrecious MetalsGeopolitical Risk Assets

Analysis generated on Mar 11, 2026 at 03:47 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 drops ₹18,000 from record high: Can prices hit ₹2 lakh amid US-Iran war de-escalation hopes?

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