Updated on March 7, 2026 | 7:45 AM IST
By Vipin Gandhi
Gold prices pulled back from record highs as profit-booking and a stronger dollar cooled the rally.
Prices jumped after US and Israeli strikes on Iranian targets increased global uncertainty, pushing investors toward gold for safety.
Inflation Still Influences Gold Demand
Inflation expectations continue to influence investor decisions.
Rising living costs and inflation concerns continue to support gold demand among Indian households and investors.
Gold Price Update 7 March 2026
Gold prices eased after hitting record highs, with Delhi rates near ₹1.61 lakh per 10g and global prices cooling to around $5,150 Updated: 7 March 2026 | Market Data
Possible drivers: – profit booking by traders – stronger dollar – short-term technical correction
Gold Recently Hit New Highs
Gold had surged sharply this month due to: • Global uncertainty • Central bank buying • Safe-haven demand Today’s dip is a temporary pause.
Analysts say continued global tensions and currency movements could keep gold prices volatile in the near term.
– Jewellery buyers may delay purchases – Investors seeing gold as protection – Import costs could rise – Wedding season demand pressure
Gold Remains a Key Investment Asset
Gold continues to be viewed as: – A hedge against inflation – A long-term store of value – A safe-haven during uncertainty For daily updates and latest market movement:
www.ecobeko.com
Stay Updated on Gold Prices
Follow daily market updates to understand price trends, risks, and opportunities for buyers and investors Updated: 7 March 2026