MCX Gold Surges to ₹1.63 Lakh; Crude Oil Maintains Breakout Above ₹7,100

We from the markets desk bring you the latest on MCX Gold and crude oil, two commodities that investors are closely watching. On March 4, 2026, gold futures on the Multi-Commodity Exchange surged to around ₹1.63 lakh per 10 grams, riding strong safe‑haven demand. At the same time, crude oil futures continued to hold above the ₹7,100 mark after a recent breakout, indicating sustained bullish momentum. These moves matter because they reflect broader global trends, from geopolitical tension to supply concerns, that influence inflation, investment flows, and consumer costs.