Gold Price Surges ₹5,000 in Two Weeks: Should Investors Consider Buying Ahead of Akshaya Tritiya?

Gold Rate Today: MCX Gold Price Rallies 3.30% Ahead of Akshaya Tritiya 2026

The MCX gold rate has rallied from ₹1,49,690 to ₹1,54,605 per 10 gm in the last two weeks, logging a fortnightly gain of around ₹5,000 per 10 gm or 3.30%. This surge in gold prices is attributed to the easing of crude oil prices following the de-escalation of the US-Iran war. Investors are awaiting fresh cues on the US-Iran ceasefire talks, which are expected to impact the gold market.

Market experts believe that a fresh rally in the yellow metal is likely after concrete outcomes from the US-Iran ceasefire talks. They anticipate a final outcome in the US-Iran war in the next few weeks, which could push gold prices another 5% to 6%. According to their predictions, the gold rate in India may touch ₹1,62,500 to ₹1,63,000 per 10 gm in that post-ceasefire rally.

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data

Market Experts' Views

Jateen Trivedi, VP Research — Commodity & Currency at LKP Securities, stated that the gold rate today is range-bound as markets remained cautious ahead of key updates expected over the weekend on post-ceasefire developments. Participants maintained a low-risk approach, anticipating potential volatility and unexpected geopolitical turns that could lead to gap openings on Monday.

Amit Goel, Chief Global Strategist at PACE 360, pointed out that the American administration's move to announce a blockade of the Strait of Hormuz is expected to pay dividends in the next few weeks, as it has jeopardised China's energy imports. He expects a final outcome in the US-Iran ceasefire talks, which could fuel the gold price by around 5-6 per cent.

Ponmudi R, CEO of Enrich Money, said that the gold price today is attempting to rebuild momentum above key support levels, with the $4,750-$4,700 zone acting as a strong base. He expects a sustained breakout above these levels to confirm a resumption of bullish momentum and could open the path toward $5,150-$5,250 in the coming weeks.

Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline

Outlook for Gold Price in India

On the outlook for the gold rate today in India, Ponmudi R of Enrich Money stated that the gold price today in India is trading near the ₹1,54,000 to ₹1,55,000 zone, holding firm at elevated levels. He expects a sustained move above ₹1,55,000 to extend the rally toward the ₹1,58,000 to ₹1,60,000 zone, followed by a stronger hurdle near the ₹1,62,000 to ₹1,65,000 levels. Overall, the broader trend remains firmly bullish, while the current phase reflects consolidation after an extended rally.