Gold price today: Gold rates were up in early deals on the MCX on Wednesday (27 May), supported by positive global cues amid a decline in the US dollar and a drop in oil prices.
However, persistent uncertainty over a potential US-Iran deal and reports of Israeli attacks in southern Lebanon kept investors cautious, capping the yellow metal’s gains.
MCX gold June futures were 0.13% up at ₹1,57,815 per 10 grams, while MCX silver July futures were 0.54% up at ₹2,72,100 per kg around 9:05 am.
The dollar index eased by about 0.10%, while US 10-year bond yields fell by about half a percentage point to 4.47%, boosting investor interest in gold.
Crude oil prices fell over 1% as Iran-US peace talks continued despite fresh US strikes in southern Iran.
(This is a developing story. Please check back for fresh updates.)
Read all market-related news here
Read more stories by Nishant Kumar
Disclaimer: This story is for educational purposes only and does not constitute investment advice. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
