Gold Futures rally to ₹1.59 lakh per 10 gm amid strong global cues

Gold surged by ₹2,946 to ₹1,59,822 per 10 gram in the Futures trade on Monday (February 23, 2026), tracking strong trends in the international market amid renewed global tariff worries.

On the Multi Commodity Exchange (MCX), gold futures for April delivery rallied by ₹2,946 or 1.88%, to ₹1,59,822 per 10 grams in a business turnover of 7,515 lots.

In the international market, gold futures on the Comex advanced $96.61 or 1.9%, to $5,177.51 per ounce. According to Jigar Trivedi, Senior Research Analyst at Indusind Securities, gold climbed in the international market, as renewed tariff worries prompted a rush to safe-haven assets.

On Saturday (February 21, 2026), U.S. President Donald Trump announced plans to raise global tariffs from 10% to 15%, following the U.S. Supreme Court’s rejection of his “reciprocal tariffs”.

Mr. Trump confirmed the new duties would take effect immediately, although it remained unclear whether he had signed any official document. Amid this, India postponed negotiations aimed at finalising an interim trade deal with Washington.

“Investors also faced growing fears of a potential U.S. military strike on Iran, with nuclear talks at an impasse. However, negotiators are scheduled to meet again in Geneva on Thursday (February 26, 2026),” he said.