Gold Gains Over 20% in 2026, Eyes Rs. 1.80 Lakh as US–Iran Conflict Extends 7-Month Rally

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Gold price today saw a strong rise as tension increased in the Middle East. News around the US-Iran war created fear in global markets. Many investors turned to gold and silver for safety.

MCX gold opened at Rs. 1,65,501 per 10 grams. It quickly moved higher and touched Rs. 1,67,915. The price jumped more than Rs. 5,500 in early trade. The sudden rise showed strong buying interest.

Strong Rally in Gold and Silver

Silver price also moved up fast. MCX silver opened at Rs. 2,78,644 per kilogram. It climbed to Rs. 2,85,978 within a short time. This marked a gain of nearly 3.75%.

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In the global market, COMEX gold crossed $5,400 per ounce. It gained more than 2.5% during the session. COMEX silver reached $96.930 per ounce and moved closer to the $100 mark.

Middle East Tension Drives Safe Demand

The US-Iran war remains the main reason behind this rally. Reports confirmed fresh military action between US Israel forces, and Iran. National groups also launched attacks in response. 

This increased uncertainty across the region. Oil prices moved up as traders watched the Strait of Hormuz closely. Higher oil prices often support gold.

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Experts believe that gold prices in India may rise further if tensions continue. Market expert Anuj Gupta said that if global gold stays above $5,400, MCX gold may move toward Rs. 1,70,000 per 10 grams. If the conflict continues for a long time, prices may test Rs. 1,80,000 again.

Hareesh V from Geojit Investments said extreme conditions could push global gold toward $6,000. In that case, gold price in India may approach Rs. 2 lakh. However, any peace talks may slow down the rally.

Price Outlook Remains Strong

Silver price may also stay strong. If silver crosses $100 per ounce globally, domestic prices may touch Rs. 3,00,000 per kilogram.

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Gold has already gained over 20% this year. It recorded seven straight months of gains. This is the longest rally seen in many years. Ongoing global risks and steady demand supported this trend.

Physical gold rates in cities like Delhi and Mumbai are also expected to stay firm. Traders expect more price swings in the coming days.

Gold price today remains close to record levels. Future movement depends on how the US-Iran war develops. Continued tension may push prices higher. Any signs of calm may bring some relief. For now, gold and silver remain in strong demand across markets.

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