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Gold Price Prediction For Monday: Broader Bullish Structure Remains Intact; Know Key Levels For March 9

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Gold Price Prediction For Monday: Broader Bullish Structure Remains Intact; Know Key Levels For March 9


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Gold Prices Prediction For Monday, March 9: Despite occasional profit-taking, the overall trend in gold remains bullish amid escalating geopolitical tensions in the Middle East.

Gold Price Prediction.

Gold Price Prediction.

Gold Prices Prediction For Monday, March 9: Gold prices continue to trade with an upward bias amid rising geopolitical tensions and persistent safe-haven demand. Analysts say the broader bullish structure remains intact despite intermittent profit booking.

The broader commodities basket enters the week with heightened volatility driven by escalating geopolitical tensions in the Middle East, which have triggered sharp rallies across energy and precious metals.

In Mumbai, the price of 24-carat gold increased to Rs 1,63,640 per 10 grams on March 7, while 22-carat gold was available at Rs 1,50,000 per 10 grams. In the international market, US spot gold was up 1.15% at $5,181.30 per ounce.

Gold Prices Outlook

Ponmudi R, CEO of Enrich Money, a SEBI-registered online trading and wealthtech firm, said the broader commodities basket is witnessing heightened volatility due to escalating geopolitical tensions in the Middle East.

Also Read: Nifty Prediction For Monday: Market May See Another Gap-Down On March 9; Know Support, Resistance Levels

Despite occasional intraday reversals and profit-taking, the overall trend in gold remains bullish. According to him, gold continues to attract strong safe-haven demand, while participation from investors has increased around breakout levels.

“Selective upside participation remains favourable, with disciplined risk management necessary around recently tested support zones as macroeconomic and geopolitical event risks continue to dominate sentiment,” he said.

COMEX Gold: Key Levels To Watch

COMEX gold futures are currently trading around $5,158-$5,181, compared to the previous close near $5,078-$5,099. The daily chart continues to reflect strong bullish momentum.

Prices are holding comfortably above key support levels, including the 50-day exponential moving average and earlier consolidation zones around $5,000-$5,100. The metal has recently tested the resistance area near $5,185.

Ponmudi said the overall bullish structure remains intact as long as prices stay above the $5,000-$5,100 zone. A decisive breakout above $5,200 could trigger the next leg of the rally, potentially pushing prices toward $5,400-$5,600 in the coming months.

“As long as prices continue to trade within the rising long-term trend channel, the overall outlook remains decisively bullish, with dips likely presenting strong accumulation opportunities within this extended bull cycle,” he added.

MCX Gold: Support And Resistance Levels

Domestic gold futures on the Multi Commodity Exchange (MCX) have maintained an uptrend. Prices recently broke above the earlier resistance level of Rs 1,65,000.

The earlier resistance area between Rs 1,58,000 and Rs 1,63,000 has now turned into a strong demand zone following the breakout, Ponmudi said.

As long as gold holds above Rs 1,65,000, Ponmudi said the metal could move toward the Rs 1,70,000 level and possibly higher. However, a break below Rs 1,57,000 could trigger a deeper correction toward the Rs 1,50,000 zone.

Gold Prices This Week

“After opening with a gap up earlier in the week, both gold and silver gradually declined this week as a stronger US dollar and rising Treasury yields, along with reduced expectations for interest rate cuts by the Federal Reserve, outweighed safe-haven demand stemming from the escalating Middle East conflict,” Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities, said.

He added that investors continued to exit gold-backed exchange traded funds (ETFs) this week, indicating softer investment demand.

“ETFs reduced their gold holdings by 93,479 troy ounces in the latest session, marking the fourth consecutive day of outflows, the longest losing streak since February 6,” Gandhi said.

“Gold and silver prices experienced notable fluctuations on Friday, driven primarily by ongoing geopolitical tensions in the Middle East and robust safe-haven buying,” Gaurav Garg, Research Analyst at Lemonn Markets Desk, said.

Jateen Trivedi, VP Research Analyst, Commodity and Currency, LKP Securities, said investors are closely monitoring crucial macroeconomic indicators, including the unemployment rate and non-farm payrolls numbers scheduled to be released later in the day.

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70% of adults without a licence say learning to drive is unaffordable

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70% of adults without a licence say learning to drive is unaffordable



Some seven in 10 British adults without a full driving licence say learning to drive is currently unaffordable, according to a survey.

The figure is even higher among younger people, with 76% of 18 to 29-year-olds without a licence saying driving lessons are financially out of reach, the poll for car insurer Prima found.

Overall, 38% said the cost of driving lessons was the biggest deterrent to learning to drive.

Some 32% were put off by the price of buying a car and 15% said the cost of car insurance was the main barrier to learning to drive.

Almost half (45%) said they would consider learning to drive if it became significantly cheaper.

Nick Ielpo, UK country manager at Prima, said: “For a growing number of people, driving is no longer a symbol of freedom – it’s a financial stretch too far.

“Between lessons, buying a car and insuring it, the upfront and ongoing costs are pricing many people out before they even start.”

Find Out Now surveyed 1,134 adults who do not hold a full driving licence between January 21 and 23.



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Go Digit General Insurance gets GST demand notice of Rs 170 cr – The Times of India

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Go Digit General Insurance gets GST demand notice of Rs 170 cr – The Times of India


Go Digit General Insurance on Saturday said it has received a demand notice of about Rs 170 crore for short payment of goods and services tax (GST) for nearly five years. The company has received an order copy from the Office of the Commissioner of GST & Central Excise, Chennai South Commissionerate on March 6, confirming GST demand of Rs 154.80 crore levying penalty of Rs 15.48 crore and Interest u/s 50 of CGST Act, 2017 for the period July 2017 to March 2022, the insurer said in a regulatory filing. The company is in the process of evaluating the legal advice on the implications and would file an appeal, it said.



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Iran war threatens $11.7 trillion global travel industry as passengers get caught in crossfire

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Iran war threatens .7 trillion global travel industry as passengers get caught in crossfire


Zoey Gong, a Chinese medicine food therapist, was days away from boarding an Emirates flight from Paris to Shanghai via Dubai, United Arab Emirates, when the U.S. and Israel attacked Iran last Saturday.

Gong, 30, had her flight plans derailed as a result, and she told CNBC that she had to pay $1,600 to get to Shanghai, more than double the price of her original ticket.

She’s one of millions of travelers swept up in war and other conflicts from Iran to Mexico this year, problems that are threatening the global tourism industry that’s worth an estimated $11.7 trillion to the world’s economy, according to industry group World Travel & Tourism Council. It’s showing that people who are far from falling missiles, drone attacks and other geopolitical flashpoints aren’t immune to ripple effects.

‘Aviation quagmire’

Stranded passengers wait with their luggage outside the Hazrat Shahjalal International Airport in Dhaka on March 3, 2026 after carriers cancelled flights amid the Middle East conflict.

Munir Uz Zaman | Afp | Getty Images

The U.S.-Israel attack on Iran set off massive aviation, travel, and safety crises.

More than a million people around the world were stranded because of airspace closures that have grounded over 20,000 flights since Saturday, according to aviation data firm Cirium. Some were also stuck on cruise ships. Inquiries for more expensive “cancel for any reason” travel insurance policies surged 18-fold this week, said Chrissy Valdez, senior director of operations for Squaremouth, an online insurance marketplace.

Since the Feb. 28 attacks on Iran, that country has launched retaliatory strikes on the United Arab Emirates — home to Dubai International Airport, the world’s busiest for international passenger traffic, according to Airports Council International — as well as Qatar, Jordan, Israel and Cyprus. The back-and-forth attacks have left airlines with little recourse to repatriate travelers.

Days after the attack, the U.S. State Department told citizens in a large part of the region to leave immediately, with few options at hand. The department said it is organizing charter flights for U.S. citizens who want to return from Saudi Arabia, Israel, UAE and Qatar.

“This has spiraled into an aviation quagmire,” said Henry Harteveldt, a former airline executive and founder of travel consulting firm Atmosphere Research Group.

Other sectors of the travel industry are also dealing with the war’s impact. Debris rained down near Accor‘s Fairmont The Palm Hotel in Dubai over the weekend. The company said four people were injured, but none were guests, visitors, or staff. Meanwhile, the iconic Burj Al Arab hotel had a fire earlier this week after it was hit by debris from an Iranian drone.

(L to R) The Malta-flagged cruise ships Aroya Manara and MSC Euribia are anchored at the port of Dubai on March 4, 2026.

Giuseppe Cacace | AFP | Getty Images

MSC Cruises’ more than 6,300-passenger MSC Euribia ship has been stranded in Dubai and the company is trying to get flights for affected guests, it said. “We are requesting priority for our guests from our partners,” the company said in a statement.

“In order to speed up the repatriation, we are working on other options such as chartering flights” from Dubai, Abu Dhabi, UAE, or Muscat, Oman, but the situation on board “remains calm,” the cruise company said.

Earlier this week, MSC said it would cancel its remaining sailings from Dubai for the winter. “We understand that this will be disappointing, but we are sure that guests impacted will understand this decision,” it said.

Putting aside the Covid-19 health crisis that ground most international travel to a halt, Harteveldt called this week “the most chaotic event we’ve seen frankly since 9/11 when the U.S. chose to close its airspace. We haven’t seen anything that has had such a long and geographically widespread impact on travel.”

Global conflicts

Flightradar24 still of flight traffic across the Middle East on March 4th, 2026.

Source: Flightradar24.com

Read more about military conflicts’ impact on commercial flights

Then in February, flights were grounded in parts of Mexico, including in the coastal resort city of Puerto Vallarta and in Guadalajara, after violence broke out following the Mexican army’s killing of a cartel leader.

Executives have already had to make costly changes: rerouting or cancelling sailings, issuing flexible booking and refund policies, grounding planes and changing flight plans altogether, or discounting hotel rooms.

The cost of these conflicts is still being tallied, including for fuel, one of the biggest expenses for cruise companies and airlines, along with labor, and is usually passed along to consumers, but signs are emerging on how customers will be affected.

First: Pricier tickets and stays are in the cards.

Higher airfare

United Airlines CEO Scott Kirby said on Thursday that jet-fuel prices, which have surged 60% since the U.S. and Israel’s first strikes on Iran last week, would hit first-quarter results, if not the second quarter as well. That will likely translate quickly to higher airfare, he added.

Despite the higher fuel, which accounted for 20% of United’s operating expenses last year, according to a securities filing, with few flights operating in the Middle East, bookings have jumped from regions like Australia for United flights because it offers different routes to the U.S., he said.

Speaking outside an event at Harvard University, Kirby said that demand overall has remained resilient since the conflict broke out.

Airlines around the world have been forced to take longer, more costly routes because of airspace closures.

Australian carrier Qantas, for example, told CNBC that its flight from Perth, Australia, to London will now take a route that requires it to refuel in Singapore, though that will also allow it to pick up another roughly 60 passengers. 

Best year ever?

Passengers look at departure screens showing cancelled flights to Puerto Vallarta at Benito Juarez International Airport after authorities reinforced security following roadblocks and arson attacks carried out by organized crime in several states, after a military operation in which a government source said Mexican drug lord Nemesio Oseguera, known as “El Mencho,” was killed in Jalisco state, in Mexico City, Mexico, February 22, 2026.

Luis Cortes | Reuters

Travel executives started off 2026 as they often do: upbeat. Some airline executives, including those at the most profitable U.S. carriers, Delta Air Lines and United, forecast record earnings within reach this year.

The war and other incidents erupted as the travel industry has been leaning on premium options to woo wealthier customers, who make up a greater share of spending overall. Losing the base for more expensive trips could be extra disadvantageous to those companies and local economies.

In Mexico, for example, tourism makes up close to 9% of the economy and international tourist arrivals rose 13.6% last year to 98.2 million people, who spent close to $35 billion, according to the country’s Tourism Ministry.

Now, airlines are pulling back on traveling to Puerto Vallarta, at least from the United States in the near term. Delta cut routes from April 3 through the end of the month to the city, except for once-daily flights from Los Angeles and Atlanta, according to the Cranky Network Weekly newsletter, which covers the airline industry’s network changes. Alaska Airlines and Southwest Airlines also cut service in March.

“Perhaps people will forget about the PVR [Puerto Vallarta International Airport] concerns now that headlines will shift to the Middle East and bookings will rebound, but we will be watching capacity changes as leading indicators,” Brett Snyder and Courtney Miller, the newsletter’s authors, said in the March 1 edition.

Smoke billows amid a wave of violence, with torched vehicles and gunmen blocking highways in more than half a dozen states, following a military operation in which a government source said Mexican drug lord Nemesio Oseguera, known as “El Mencho,” was killed, in Puerto Vallarta, Jalisco, Mexico, February 22, 2026.

@morelifediares via Instagram | Reuters

The recent issues also come three months ahead of the FIFA World Cup, which is set to be hosted by cities in Canada, Mexico and the United States.

Some hotels in Mexico are starting to notice a change, too.

Victor Razo, manager at the Rivera del Rio hotel in Puerto Vallarta, told CNBC that bookings are down around 10% compared with last year.

“We’ve had some promotions given what had happened,” he said, adding it brought down rates between 10% and 20% ahead of the busy spring break and Holy Week period in the coming month.

He added that the hotel wasn’t near the problems, which included road blockades, and that bookings have since stabilized.

“It’s not like the beginning of the pandemic,” he said. “There is no comparison.”

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