Gold price today, May 26 -- Gold rate dropped on the MCX on Tuesday, 26 May, morning due to profit booking as persisting uncertainty over a potential US-Iran deal keeps oil prices up, stoking inflation fears and raising the possibility of interest rate hikes.

MCX gold June futures were 0.24% down at Rs.1,58,699 per 10 grams, while MCX silver July futures were 1.22% down at Rs.2,73,349 per kg around 9:10 am.

(This is a developing story. Please check back for fresh updates.)

Published by HT Digital Content Services with permission from MINT....