Gold price today, May 19 -- Gold rate rose on the MCX on Tuesday (19 May) morning as a decline in crude oil prices after US President Donald Trump paused strikes in Iran, dragged the US dollar lower. However, persisting uncertainty over the Middle East conflict capped gains for the yellow metal.

MCX gold June futures were 0.17% up at Rs.1,59,674 per 10 grams, while MCX silver July futures were 0.30% down at Rs.2,75,824 per kg around 9:10 am.

Crude oil benchmark Brent Crude fell 2% to trade below the $110 per barrel, which impacted the demand for the US dollar. The dollar index dropped by more than 0.20%, making greenback-denominated bullion cheaper for buyers in other currencies.

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