Gold prices remained stable on March 26, 2026, as investors evaluated ongoing US-Iran negotiations and potential de-escalation in the Middle East conflict. Spot gold traded around $4,528 per ounce, up slightly after a volatile week influenced by Strait of Hormuz tensions.
Market Drivers
Brent crude’s dip below $100 following Trump’s delayed strikes on Iranian infrastructure eased safe-haven demand, but persistent regional uncertainty kept bullion supported. In India, 24-karat gold rose to ₹144,102 per 10 grams (up 3.01%), reflecting local import pressures.
Recent Trends
Gold snapped a nine-day losing streak with a 3.47% rebound to $4,568 before consolidating. March saw extreme swings—peaking at ₹169,349 early, bottoming at ₹131,936 amid Hormuz blockade fears—highlighting its role as conflict barometer.
Outlook Factors
A US-Iran ceasefire could pressure prices toward $4,300 support, while stalled talks or Hormuz closure risks might push toward $4,700 resistance. Fed rate expectations and dollar strength also weigh on the trajectory.
