Gold price today, June 1 -- Gold rate dropped in morning deals on MCX on Monday, 1 June, dragged by a stronger dollar and elevated crude oil prices, even as investors' focus remained on developments surrounding a potential US-Iran peace deal.

MCX gold August futures were 0.66% down at Rs.1,59,850 per 10 grams, while MCX silver July futures were flat at Rs.2,66,979 per kg around 9:10 am.

Gold prices in the US also declined amid a stronger dollar and rising oil prices. US gold futures dropped by 0.8% to $4,558.10 per troy ounce.

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

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