Jump in Gold Rate in India of Around Rs 40,000/24K; Will Gold Price Today Surge Over Rs 1.50 Lakh on 27 March?

Gold rates in India climbed further on the latest trading session, adding to the previous day's surge. Following a sharp downturn earlier this week, the yellow metal is now showing signs of a rebound. Over the past two sessions, gold prices have seen a notable jump, rising by around Rs 39,800 per 24K/100 grams and Rs 36,500 per 22K/100 grams, reflecting renewed buying interest.

Gold Prices Amid Uncertainty Over US-Iran Peace Talks via Pakistan

The rebound in gold is being largely driven by conflicting signals emerging from the United States and Iran over potential peace talks. While Washington has indicated that negotiations are underway, with reports suggesting that the Trump administration has sent a detailed proposal to Iran via Pakistan, Tehran has denied any willingness to engage and has instead set its own conditions, including sovereign control over the Strait of Hormuz.

Gold Rate in India: Latest 22K, 24K & 18K Gold Prices Per Gram

24 Karat Gold Rate Today

In the 24K segment, at the time of writing, the rate for 1 gram stood at Rs 14,689, up by Rs 22 from Rs 14,667. For 8 grams, the price increased to Rs 1,17,512, marking a gain of Rs 176. The rate for 10 grams rose to Rs 1,46,890, up by Rs 220, while 100 grams of 24K gold were priced at Rs 14,68,900, reflecting an increase of Rs 2,200.

22 Karat Gold Rate Today

Gold prices in the 22K category also witnessed a steady rise. The price of 1 gram stood at Rs 13,465, gaining Rs 20 from the previous session. For 8 grams, the rate moved up to Rs 1,07,720, registering a rise of Rs 160. The cost of 10 grams increased to Rs 1,34,650, up by Rs 200, while 100 grams were priced at Rs 13,46,500, reflecting a gain of Rs 2,000.

18 Karat Gold Rate Today

In the 18K segment, gold prices also moved higher, though at a relatively moderate pace. The rate for 1 gram stood at Rs 11,017, up by Rs 16. For 8 grams, the price rose to Rs 88,136, marking a gain of Rs 128. The rate for 10 grams climbed to Rs 1,10,170, up by Rs 160, while 100 grams were valued at Rs 11,01,700, showing an increase of Rs 1,600.

MCX Gold and International Spot Gold Prices Outlook Ahead

In the domestic futures market, gold prices on the Multi Commodity Exchange (MCX) remained firm, trading within a crucial resistance zone. Meanwhile, in the international market, spot gold prices hovered above the $4,500 level, supported by persistent geopolitical tensions and safe-haven demand.

Ponmudi R, CEO of Enrich Money, outlined a technical outlook for gold, highlighting key levels for traders and investors. He said, "COMEX Gold opened on a steady note, trading above key short-term moving averages, with prices currently hovering within the $4,500-$4,600 band."

He added, "the overall structure is showing signs of recovery, supported by persistent geopolitical tensions in the Middle East, which continue to drive safe-haven demand and provide a strong underlying cushion to prices."

According to him, "the $4,670-$4,750 range is acting as an important resistance zone, and a sustained move above $4,750 could push prices toward $4,850."

On the domestic front, he noted, "on MCX, gold is currently trading in the Rs 1,43,000-Rs 1,45,000 resistance band. A sustained breakout above Rs 1,48,000 could open the path toward Rs 1,55,000-Rs 1,57,000."

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