Hyderabad, May 27 -- Gold and silver rates in Hyderabad and globally surged amid continued geopolitical uncertainty and cautious optimism surrounding possible progress in US-Iran peace negotiations.

On Wednesday, gold futures (June 5) were trading 0.10 per cent or Rs 164 higher at Rs 1,57,780 at around 10:35 am on the Multi Commodity Exchange (MCX).

Gold, silver rates in Hyderabad

Today, the rates of the yellow metal are Rs 1,58,290 and Rs 1,45,100 per 10 grams of 24-carat and 22-carat gold respectively.

In the case of silver, the rate is Rs 2,900 per 10 grams.

Experts noted that safe-haven demand and geopolitical developments would continue to influence the direction of precious metal prices in the near term.

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