Gold price today: Rate rises on MCX amid a decline in US dollar, oil prices; experts highlight key levels to watch
Gold price today, May 27 -- 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 Rs.1,57,815 per 10 grams, while MCX silver July futures were 0.54% up at Rs.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 strik...
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