Gold price today, May 8 -- Gold rate climbed on the MCX on Friday (8 May) morning on healthy spot demand and positive global cues, even as an elevated US dollar amid a rebound in crude oil prices capped gains.

MCX gold June futures were 0.42% up at Rs.1,52,900 per 10 grams, while MCX silver July futures were 1% up at Rs.2,61,153 per kg around 9:10 am.

The dollar index climbed by 0.20% after crude oil benchmark Brent Crude jumped over 1% to reclaim the $100 per barrel mark.

Fresh military exchanges in the Middle East drove oil prices higher. As per reports, the U.S. military said on Thursday it intercepted Iranian attacks targeting three Navy ships in the Strait of Hormuz and carried out strikes on Iranian military facilities allegedly ...