Gold Surges Past ₹1.48 Lakh/10g on March 29, 2026 Amid Dollar Weakness

The Indian gold market witnessed a significant rebound today, March 29, 2026, as the precious yellow metal surged, reversing earlier flat trends reported by some outlets. Domestic rates for 24-carat gold soared dramatically, touching an unprecedented ₹1.48 lakh per 10 grams in major cities, reflecting a robust upward momentum. Internationally, gold prices also experienced a strong rally, climbing 2.59% to reach $4,489 an ounce, signaling renewed investor confidence in the safe-haven asset.

This notable surge in gold prices was primarily attributed to a weakening US Dollar, which typically makes dollar-denominated commodities more attractive to international buyers. The MCX also registered a strong rebound, putting 24-carat rates firmly in focus for investors and jewelry shoppers alike. Adding to the market's cautious optimism, experts closely monitored ongoing US-Iran ceasefire talks, with geopolitical developments often influencing gold's appeal as a hedge against uncertainty. While earlier reports suggested flat rates in cities like Delhi, Mumbai, Chennai, Bengaluru, and Hyderabad, the day's trading concluded with a clear upward trend, especially noted in Hyderabad where gold and silver continued their ascent after a recent dip.

Across India, consumers eagerly checked the latest 24K, 22K, and 18K gold prices from leading jewelers like Tanishq, Kalyan, Malabar, and Joyalukkas, alongside city-wise rates in Delhi, Noida, Mumbai, Bengaluru, Chennai, Kolkata, and Erode. The focus remained on live prices for various purities and quantities, from 10 grams to 1 kilogram, as the market reacted to the day's dramatic movements. In broader market news, the National Stock Exchange (NSE) announced plans to launch Dated Brent crude futures from April 13, expanding its global oil-linked derivatives and potentially adding another layer to commodity market dynamics.

For investors and jewelry buyers, the day's rebound underscores gold's sensitivity to currency fluctuations and geopolitical events. The significant surge in domestic prices to ₹1.48 lakh per 10 grams suggests strong underlying demand and a continued safe-haven appeal. Moving forward, keeping a close eye on the US Dollar's performance, as well as developments in international relations, will be crucial for anticipating future price movements. Gold continues to be a vital component of many Indian portfolios, and today's performance reinforces its role as a store of value amidst global economic shifts.