March 23, 2026 01:18 pm (IST)
Follow us:
Gold Outlook by CapitalVia Global Research
Gold gained on Tuesday, whereas modestly lower than expected US Consumer confidence data, fall in equity markets and modest cut in the Greenback most likely supported the positive move in Bullion.
But still remained vulnerable as the U.S. dollar was trading near nine-year highs against a basket of other major currencies.
Assets in the SPDR Gold Trust dropped 0.2 percent on Wednesday to 710.81 metric tons, the lowest since Sept. 2008.
In upcoming days, we can expect COMEX Gold February Futures prices to trade on negative note due to strong volatility in Currency.
Technically If COMEX Gold breaks the level of $1180 then it can test the level of $1155 and $1130 on the downside. If MCX Gold Feb futures breaks the levels of 26660 on downside then movement can be seen till the levels of 26400 and 26080.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
India hits 1 billion tonne coal milestone—Again!
Sat, Mar 21 2026
Charge_iN by Mahindra signs strategic agreement with HPCL to develop EV charging infrastructure at HPCL retail outlets
Fri, Mar 20 2026
Bank of Baroda becomes the first bank to launch credit line on UPI - OD facility for women SHG members
Fri, Mar 20 2026
₹10 lakh cover, free services & more: TVS Motor Company rolls out big benefits with King Ka Vaada 3.0
Fri, Mar 20 2026
Rupee hits record low, breaches 93 against US dollar for first time
Fri, Mar 20 2026
Market rebounds: Sensex jumps 900 pts, Nifty gains after rout
Fri, Mar 20 2026
How to Figure Out Your EMI for a ₹50 Lakh Home Loan
Thu, Mar 19 2026