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Gold price today: Gold rate rose on the MCX on Friday, March 27, morning amid a softer dollar, which seems to have prompted value buying in the yellow metal after the recent decline.

MCX gold June futures jumped by almost 1% to ₹1,43,829 per 10 grams, while MCX silver May contracts rose by nearly 2% to ₹2,23,978 per kg in the morning deals.

The dollar index declined by about 0.10%, making gold slightly cheaper in overseas currencies and influencing its demand.

However, elevated crude oil prices due to persisting uncertainty over the West Asian conflict remain a key challenge for the yellow metal.

Gold prices have witnessed sharp volatility in March amid the US-Iran war. The West Asian conflict has driven crude oil prices significantly higher, leading to a surge in the dollar index and weighing on gold prices.

Domestic spot gold prices have declined nearly 9% so far in March, as per MCX data.

"Gold and silver may see a mild near‑term recovery, but breaking recent highs looks difficult. While supportive geopolitics could underpin sentiment, a firm US dollar is likely to cap strong upside, keeping price movements relatively restrained for now," said Hareesh V, Head of Commodity Research, Geojit Investments.

(This is a developing story. Please check back for fresh updates.)

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Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.Nishant is a market reporter at Mint, where he holds the official designation of Principal Correspondent – Markets. He has been closely tracking the Indian stock market as well as major global stock markets along with the broader macroeconomic trends for a decade.

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