New Delhi, May 12 -- Following global economic uncertainty amid the US-Iran war, the MCX gold rate extended the bull trend during the early morning session on Tuesday. The MCX gold price today opened with an upside gap at Rs.1,53,999 per 10 gm and touched an intraday high of Rs.1,54,243 per 10 gm within a few minutes of the Opening Bell, logging an intraday gain of Rs.580 per 10 gm. The COMEX gold rate is oscillating around $4,730 per ounce, signalling a flat-to-positive trend in the international market.

According to experts, the gold rate today is in a bull trend due to uncertainty creeping into the global economy following the escalation of the US-Iran war. They said that the MCX gold rate is facing a hurdle at Rs.1,55,00. Breaking ab...