India, March 30 -- Spot gold staged a cautious recovery on Monday, March 30, 2026, reclaiming the $4,550 per ounce level as the Middle East conflict entered its fifth volatile week. While the metal gained ground during intraday trading, it remains shadowed by a steep 20% decline from the historic peak of $5,626 recorded in January.

Domestic markets mirrored this global tension, with MCX June bullion futures rising nearly 1% to hover around Rs1,48,250 per 10 grams. Despite the slight bounce fueled by safe-haven seeking, analysts warn that hawkish central bank policies and a strengthening dollar continue to act as significant headwinds, preventing a full-scale rally back toward yearly highs.

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