Gold rate today, May 28 -- After delivering historic returns, the rally in gold prices slowed down. In recent months, the bullion has turned volatile, especially since the onset of the US-Iran war.

MCX Gold has risen Rs.30,000 per 10 grams, translating to a stellar nearly 14% gain in just the first five months of 2026, building on the roughly 50% gain in 2025.

In mid-January, domestic prices witnessed an explosive, unprecedented overnight surge, quickly smashing past Rs.1,80,000. On the global front, spot gold breached the historic $5,600 per ounce mark for the first time.

However, lingering uncertainty surrounding a possible US-Iran agreement, along with reports of Israeli strikes in southern Lebanon, kept investors cautious. On Thurs...