The precious metal price staged a recovery off the lows recorded in early February. Mirroring the trend in the global markets, the MCX Gold price also recovered off the lows recorded earlier last month. As anticipated last month, precious metals price remained range-bound and was confined to $4,400-$5,650 mentioned last month. While the long-term trend remains positive, the gold price is may still spend some time in this range before the long-term uptrend reasserts. The price action is likely to be confined to a broad trading range for the next several weeks.

Source: The Hindu March 02, 2026 00:52 UTC