Gold Price Today: The yellow metal rate rose on MCX, today, June 4 amid ongoing tensions in the Middle East and uncertainty over a ceasefire deal between US and Iran.
At 9:02 am on Thursday, the MCX gold July futures contract surged 0.39% to Rs 1,56, 920 per 10 grams, while the MCX silver July futures jumped 0.18% to Rs 2,63,439 per kg.
On Wednesday, the MCX gold July futures closed 0.48% down to Rs 1,56,304 per 10 grams, while the MCX silver July futures ended 1.43% lower to Rs 2,62,900 per kg.
In contrast, gold declined globally amid doubts over US-Iran peace deal as clashes in the Middle East continue, raising energy prices elevated and inflation concerns. The precious metal dropped up to 1.4% to below $4,430 an ounce, touching the lowest intraday level in nearly a week, according to data collected by Bloomberg.
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