Mumbai, March 31 -- Gold witnessed a wild run in the month gone by, witnessing highly volatile movement but generally trending lower despite escalating Middle East tensions. The metal lost around 12% in March 2026 after testing a three and half month low of $4100 per ounce. While the counter edged up thereafter and moved near $4600 per ounce, sentiments remain highly volatile amid escalating Middle East tensions, with the conflict entering its fifth week and no clear resolution in sight. In March, price action showed that despite ongoing geopolitical risks, gold continues to trade under pressure and is nearly 20% below its record high of $5626 hit in January. The surge in oil prices has reignited inflation concerns, strengthening expectatio...