Gold Prices Rise 1.4% on MCX After Previous Fall

Gold prices recovered in futures trading on March 27, 2026, following a sharp decline in the previous session. The rebound was supported by gains in international markets and fresh buying interest at lower levels.

On the domestic front, trading resumed after a partial holiday due to Ram Navami. Market participants responded to global price movements and adjusted positions accordingly.

Gold Futures Movement On MCX

On the Multi Commodity Exchange, gold futures for April delivery rose by ₹1,997, or 1.43%, to ₹1,41,490 per 10 grams. In the previous session, the contract had declined by ₹4,604, or 3.2%, to settle at ₹1,39,493 per 10 grams.

The sharp fall had triggered bargain buying among traders. This contributed to the subsequent recovery in prices during the next trading session.

Performance Of June Gold Contract

The June gold futures contract also recorded gains during the session. Prices increased by ₹1,811, or 1.27%, to ₹1,44,325 per 10 grams. In contrast, the contract had dropped by ₹4,926, or 3.34%, to ₹1,42,514 per 10 grams in the previous session.

The recovery indicates renewed buying interest following the earlier correction. Both near-term and deferred contracts reflected similar price trends.

Impact Of Global Market Trends

International gold prices moved higher, supporting the domestic market rebound. On the Comex, April gold futures rose by $89.1, or 2.04%, to $4,465.4 per ounce.

The June contract gained $80.55, or 1.83%, to $4,489.55 per ounce. These gains in global markets provided upward momentum to domestic gold futures prices.

Trading Activity and Market Context

Commodity markets had remained closed during the morning session on March 26, 2026, due to the Ram Navami holiday. Trading resumed in the evening session, leading to price adjustments based on global cues.

The sharp decline in the previous session had created opportunities for traders to enter positions at lower levels. This contributed to the rebound observed in the latest session.

Read More: FPI Outflows Hit Record as Rising Yields and Weak Rupee Weigh on Indian Markets.

Conclusion

Gold prices witnessed a strong recovery in futures trade following a significant decline in the previous session. The rebound was driven by global price gains and renewed buying interest at lower levels.

Both April and June contracts on the MCX reflected similar upward movement. The development highlights the influence of international trends and trading dynamics on domestic commodity markets.

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