Gold futures tumble nearly 4% after Trump’s Iran remarks; check the latest gold rates in your city

Gold prices witnessed a quick fall on April 2. With the futures on the Multi-Commodity Exchange (MCX) plunging about 4% amid global market instability triggered by former US President Donald Trump. Trump remark on the regular war with the Iran.

MCX gold futures fell by ₹6,004 to ₹1, 47,704 per 10 grams. It is signalling a weak investor response. The decline was provoked by escalating geopolitical tensions in West Asia. It reinforced the US dollar and pushed bond yields higher. It turns gold less attractive as a non-yielding asset.

Worldwide, the gold prices also slipped sharply after Trump’s comments dampened hopes of a fast resolution to the Iran conflict. At the same moment, oil prices surged due to supply concerns, fuelling rise fears and lowering hopes of interest rate cuts by the US Federal Reserve. The combination is to give additional pressured gold prices.

Despite the sharp drop in the gold price today, forecasters note that gold stays responsive to geopolitical developments and currency movements. In India, price of gold is continually to fluctuate across top cities like Mumbai, Chennai, Delhi, and Hyderabad. It can track the global trends and exchange rate movements.

A televised tackle from Washington rattled worldwide markets on April 2, 2026. It is send precious metals sharply lower. COMEX gold breached its four-day rally, and MCX silver logged its steepest fall in months. The US Dollar Index surged past the 100 mark within hours of President Donald Trump’s comments on the Iran conflict, called Operation Epic Fury. Find City-wise gold rates to find out more information.

In a tackle from the White House, Trump stated that Washington's core planned objectives in Iran were close to completion.