Gold price today, May 25 -- Gold rate climbed in the domestic futures market Monday (25 May) 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.

MCX gold June futures were 0.40% up at Rs.1,59,315 per 10 grams, while MCX silver July futures were 1.44% up at Rs.2,75,750 per kg around 9:05 am.

The dollar index declined by nearly 0.30%, making greenback-denominated bullion cheaper for buyers in other currencies.

The dollar index declined after crude oil prices fell by more than 5%, with the benchmark Brent Crude trading below $98 per barrel, as reports suggested that a peace deal between the US and Iran could be finalised in the near future.

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