Gold Surges 2.65% on Comex: Is Now the Time to Invest?

• Gold price on Comex surged 2.65% to $5,130 per ounce, driven by geopolitical tensions and a stronger dollar.
• Domestic futures on MCX closed higher at Rs 1,56,993 per 10 grams; IBJA pegged standard gold at Rs 1,55,066.
• Rupee weakened to 90.73 against the US dollar amid elevated risk sentiment from the US–Iran standoff.
• Geopolitical developments and currency movements are key drivers; US–Iran standoff and Russia-Ukraine negotiations underpin safe-haven appeal.
• Experts advise a 'buy-on-dips and sell-on-rallies' approach, with short-term consolidation expected between $4,650–$5,100.