New Delhi, May 25 -- Gold and silver prices today on 25 May: Gold rates rose in the domestic futures market this morning amid a decline in the US dollar following a drop in crude oil prices driven by rising optimism over a potential US-Iran peace deal. This deal, if closed, will bring much-needed respite from the escalating gas and oil prices worldwide.

MCX gold June futures were 0.45% up at Rs.160,060 per 10 grams, while MCX silver July futures were 1.67% up at Rs.276,830 per kg around 9:45 am.

The dollar index declined by nearly 0.31%, making greenback-denominated bullion cheaper for buyers in other currencies, as crude oil prices declined by more than 5%. The benchmark Brent crude touched $97.89 per barrel. Reports suggested that a p...