Gold rate rises on MCX as US-Iran talks end without a deal; experts highlight key levels to watch - Mint

MCX gold rising after U.S.-Iran talks end without a deal underscores headline sensitivity and a persistent geopolitical bid. Desk takeaway: near-term support likely holds while diplomacy stalls; focus on key technical levels for momentum entries/exits in local currency terms (INR) where FX can amplify moves. Consider hedging INR exposure alongside gold positions given potential USD strength during risk-off. Confirmation should come from global spot/COMEX follow-through and local physical demand/premiums.