Gold price today, May 6 -- Gold rate jumped more than 1% on the MCX on Wednesday (6 May) morning on healthy spot demand amid a weaker dollar, a decline in the crude oil prices driven by hopes that the US and Iran will resume their talks to settle their conflict.

MCX gold June futures rose by nearly Rs.2,000, or more than 1%, to Rs.1,51,740 per 10 grams, while MCX silver July futures jumped by Rs.6,300, or nearly 3%, to Rs.2,50,724 per kg in early deals.

In the previous session, MCX gold's June contracts closed at Rs.1,49,838 per 10 grams, rising 0.3%, while MCX silver's July contracts closed at Rs.2,44,420 per kg, gaining 0.2%.

Wednesday's gains in precious metals can be attributed to a decline in crude oil prices, which dropped for th...