| 06 Mar 2026 14:27 | | Gold supported by war tensions and oil-led inflation fears | | | Gold climbed nearly 1% to around $5,115 per ounce in electronic trading on Friday, recovering during the session but still heading for its first weekly decline in five weeks as a stronger US dollar and higher Treasury yields capped gains. Safe-haven demand increased amid the escalating Middle East conflict, now in its seventh day, with fresh missile and drone strikes across the Gulf, though the same tensions also lifted the dollar and weighed on bullion prices. At the same time, sharply rising oil prices have revived inflation concerns, providing some support to the metal. The dollar index remained below 99 but is on track to gain more than 1% for the week as investors seek safety. In India, MCX April gold futures rose about 0.32% to ₹1,60,180 per 10 grams, though prices are likely to end the week on a flat to slightly lower note.
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