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As on : 18-Mar-2026

Other Markets - Bullion Markets
18-Mar-2026 14:50

Gold slips below ₹1,55,000 on MCX as global prices stay subdued

Gold prices remained on the defensive, with global futures languishing below the $5000 mark, while domestic bullion retreated to ₹1,55,000 per 10 grams'hovering near one-month lows. The dollar index showed resilience, stabilizing around the 99.37 level after two consecutive sessions of decline, as investors adopted a cautious stance ahead of the Federal Reserve's policy decision. While interest rates are widely expected to remain unchanged, focus has shifted to the central bank's forward guidance amid rising energy prices and a gradually cooling labor market. Other major central banks, including the European Central Bank, Bank of England, and Bank of Japan, are also expected to maintain their current policy stance, reinforcing a broader tone of global monetary caution. Meanwhile, persistent geopolitical tensions in West Asia continue to weigh on sentiment. On the technical front, MCX bullion slipping below the ₹1,55,000 mark signals near-term weakness, with immediate support seen around ₹1,54,900.

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