Gold holding near highs
Gold is steady near record levels — 24K in Delhi is around ₹1.59 lakh per 10g and global bullion is hovering near $5,023/oz as of Mar 15–16, with analysts saying geopolitical risk is supportive but gains capped by a firm dollar and 10‑year TIPS at ~1.8% [](https://sundayguardianlive.com/business/gold-price-today-15-march-2026-gold-steadies-near-5023-after-recent-dip-domestic-rates-hold-at-159-lakh10g-check-city-wise-rates-of-24k-22k-18k-176514/).
SPDR Gold Trust held about 1,071.56 tonnes of bullion as of March 13, 2026 (en.macromicro.me), underpinning physical-backed ETF demand across the market. The trust’s assets under management were roughly $184.9 billion in early March 2026, reflecting heavy investor flows into gold products. (investing.com) Speculative positioning in U.S. futures ticked higher, with non‑commercial net‑long contracts reported at 163,100 in the Commodity Futures Trading Commission release for the week ending March 10, 2026 (released Mar 13, 2026). (investing.com) Real yields remained a restraining force: the U.S. 10‑year TIPS real yield was about 1.86% on March 12, 2026, supporting the argument that higher real rates cap bullion’s upside. (tradingeconomics.com) CNBC coverage on March 3, 2026 also noted that a firmer dollar had knocked back some recent gains. (cnbc.com) Official‑sector demand stayed large by historical standards: central banks added around 863.3 tonnes of gold in 2025, according to data aggregated and reported in early February 2026. (moneymetals.com) Derivatives activity showed continued conviction among some traders after gold breached the $5,000 mark in January 2026, with Bloomberg reporting elevated options bets on a further rally on Jan 26, 2026. (bloomberg.com) Market positioning, however, remained cautious overall—Stonex’s March 3, 2026 COT analysis flagged largely unchanged speculative exposure despite price rallies, signaling limited fresh risk appetite among futures players. (stonex.com)
