NEW DELHI, March 25 -- Gold prices climbed Rs 5,091 to Rs 1.44 lakh per 10 grams in futures trade on Wednesday amid strong global trends and a weak US dollar.
On the Multi Commodity Exchange, gold for the April contract appreciated by Rs 5,091, or 3.66 per cent, to Rs 1,44,003 per 10 grams.
Analysts said the rally in bullion was driven by improving sentiment in global commodities market.
"Gold prices experienced a notable rally on Wednesday driven by easing geopolitical tensions surrounding the US-Iran conflict and expectations of potential interest rate cuts amid inflation projections," Gaurav Garg, Research Analyst at Lemonn Markets Desk, said.
The precious metals market reacted positively to the signs of a ceasefire, which has allevi...