Gold rate today, May 11 -- Precious metal remained under pressure on Monday, 11 May, after PM Modi urged domestic investors to avoid purchasing gold this year and amid rising crude oil prices and a strengthening dollar.

MCX gold futures for June 2026 delivery fell Rs.532, or 0.3%, to Rs.1,52,000 per 10 grams on Monday. On the other hand, Gold ETFs like Tata Gold Exchange Traded Fund, Nippon India Gold Bees also fell marginally by less than a per cent on Monday.

Globally, spot gold fell 0.8% to $4,676.02 an ounce, while US gold futures for June delivery dropped 1% to $4,684.50.

Prime Minister Narendra Modi, addressing a rally in Hyderabad on Sunday, urged citizens to avoid buying gold and cut down on foreign travel, among other steps, t...