Gold rate today: MCX gold price rises above Rs.1.59 lakh per 10 grams, silver flat amid uncertainty over US-Iran talks
New Delhi, June 2 -- Gold and silver prices in India opened higher on Tuesday, following gains in global bullion prices, amid uncertainty over the US-Iran peace talks.
In the international market, gold prices were steady as investors awaited further details on the status of the US-Iran talks amid conflicting news.
Spot gold price was steady at $4,481.53 per ounce, while US gold futures for August delivery gained 0.1% to $4,511.20. Spot silver price rose 0.5% to $75.21 per ounce.
The uncertainty over the US-Iran peace talks and a potential ceasefire have kept investors on the edge, while expectations of interest rate hikes by the US Federal Reserve have been weighing on the gold prices.
Lebanon had announced a partial ceasefire between...
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