Livemint EN

Gold rate today under pressure despite de-escalation in the US-Iran war; here's why

Gold rate today: Despite reduced US-Iran tensions, gold rates dropped, with MCX opening at ₹1,38,411 and hitting ₹1,36,762, a 2% loss

Mar 24, 2026 &03562424202631; 03:56 UTC www.livemint.com Trending 4/5

Read original on www.livemint.com ↗

↘

Negative for markets

Sentiment score: -65/100

Moderate impact Short-term (days)

WHAT THIS MEANS

Gold prices declined 2% despite de-escalation in US-Iran tensions, with MCX gold falling from ₹1,38,411 to ₹1,36,762. The counterintuitive weakness suggests other macro factors (likely stronger USD and rising real yields) are outweighing geopolitical risk premium relief.

AI CONFIDENCE

72% High

SENTIMENT GAUGE

NEWS POWER SCORE

AFFECTED ASSETS

↓

Gold Futures

GC=FCommodity

Expected to decline

2% decline in gold prices despite geopolitical de-escalation indicates structural headwinds (likely USD strength and higher real yields) overwhelming safe-haven demand

↓

Euro / US Dollar

EURUSDCurrency

Expected to decline

Gold weakness typically correlates with USD strength; de-escalation reducing haven flows supports dollar appreciation

↑

10-Year Treasury Yield

^TNXBond

Expected to rise

Rising real yields (implied by gold weakness despite risk-off catalyst) pressures precious metals valuations

PRICE HISTORY

Loading chart...

⚡ SUGGESTED ACTION

Short gold on this weakness; the failure to rally on de-escalation is a bearish signal. Monitor USD index and 10Y real yields for confirmation. Consider long USD positions as complementary hedge.

KEY SIGNALS

Gold selling despite geopolitical relief suggests macro headwinds dominateUSD strength likely primary driver of commodity weaknessReal yields rising, reducing gold's appeal as zero-yield assetMarket pricing in lower inflation expectations or higher rates

SECTORS INVOLVED

CommoditiesPrecious MetalsCurrency Markets

Analysis generated on Mar 24, 2026 at 04:15 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 under pressure despite de-escalation in the US-Iran war; here's why

RELATED INTELLIGENCE