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Gold, Silver Rate Today Highlights: MCX Gold, MCX Silver futures slip; international gold prices drop on fresh US strikes in Iran

Gold, Silver Rate Today Live Updates: Gold and silver prices are seen to be range-bound this week on geopolitical sentiments. An...

The Times of India | May 26, 2026, 20:11:56 IST

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20:11 (IST), May, 26

Bengaluru closing bullion rates

Bengaluru bullion rates on Tuesday showed 22 karat gold priced at Rs 15,000 per gram and 24 karat gold at Rs 16,360 per gram, while silver was priced at Rs 2,82,700 per kilogram.

18:18 (IST), May, 26

Gold drops Rs 2,800 to Rs 1.62 lakh/10g amid uncertainties on Middle East peace deal

Gold prices declined by Rs 2,800 to Rs 1.62 lakh per 10 grams in the national capital on Tuesday as military tensions between Washington and Tehran drove investors towards the US dollar.

According to the All India Sarafa Association, the yellow metal of 99.9 per cent purity depreciated by Rs 2,800 to Rs 1,62,400 per 10 grams (inclusive of all taxes).
On Monday, gold had settled higher at Rs 1,65,200 per 10 grams.

15:32 (IST), May, 26

Gold Rate Today: Yesterday's gains erased as US -Iran tensions resurface

Spot gold, following a rise of nearly 1.5% to $4570 yesterday on Iran deal hopes, is currently trading with a loss of 1% at $4525 as US attacked Iranian missile sites in South Iran and boats trying to lay mines in what it called a self defence act. In turn, Iran shooting down a reaper drone of the US has escalated tensions between the two countries further. Meanwhile, Israel has vowed to intensify attacks against Hezbollah in Lebanon.
The ongoing peace negotiations and existing ceasefire between the two countries have suddenly turned fragile. Consequently , crude oil has recovered from two-week low.

The US Secretary Rubio said that the US remains hopeful of an agreement and the chokepoint would reopen "one way or the other" soon.

Traders see the Federal Reserve hiking interest rate a full quarter point by the end of the year. The European Central Bank is expected to hike rate in June

Hawkish monetary policy expectations and resescalation of the US-Iran tensions are exerting downside pressure on the yellow metal today.

As high oil prices increase yields and rate hike possibility, assets like gold which do not offer yields struggle.

Overall, gold will need lower oil prices, that is lower yields, to recover. In the meantime, it may trade largely between $4500 and $4600. Next support is at $4450, says Praveen Singh, Head of Commodities at Mirae Asset ShareKhan.

14:28 (IST), May, 26

Gold Rate Today: How to trade gold

Manoj Kumar Jain told ET that gold is expected to find support in the $4,522-$4,484 per troy ounce range during today’s session, while resistance is likely between $4,610 and $4,640 per troy ounce. For silver, support levels are seen at $76.60-$74.00 per troy ounce, whereas resistance is placed in the $80.40-$82.80 range.

On the MCX, Jain said gold is likely to receive support between Rs 1,58,200 and Rs 1,57,700, while resistance levels are expected around Rs 1,59,850 to Rs 1,60,600. Silver, meanwhile, has support at Rs 2,73,300-Rs 2,70,000 and resistance between Rs 2,80,000 and Rs 2,83,350.

Jain noted that Prithvi Finmart had recommended buying silver in the Rs 2,71,000-Rs 2,67,000 range in its Tuesday morning note, with a stop loss below Rs 2,63,000 and target levels of Rs 2,81,000-Rs 2,85,000. He advised traders holding long positions to strictly adhere to the suggested stop loss and consider booking profits near the recommended targets.

He also recommended buying gold in the Rs 1,58,500-Rs 1,57,700 range, keeping a stop loss below Rs 1,56,650, with upside targets of Rs 1,59,350-Rs 1,60,300.

14:25 (IST), May, 26

Gold Rate Today: Mumbai bullion opening rates

Silver spot (in Rs per kilo) : 266350.00

Standard gold (99.5) : 157090.00

Pure gold (99.9) : 157722.00

10:56 (IST), May, 26

Gold Rate Today: MCX Gold, MCX Silver futures slip

Gold and silver prices started Tuesday’s trading session lower on the Multi Commodity Exchange (MCX) after fresh US strikes in Iran pushed crude oil prices higher, intensifying concerns around sticky inflation and the possibility of interest rates remaining elevated for an extended period.

In the domestic market, MCX silver futures for July 2026 delivery declined by Rs 3,731, or 1.3%, to Rs 2,72,985 per kilogram. Gold futures for June 2026 delivery also slipped Rs 547 to Rs 1,58,534 per 10 grams. In the previous trading session, both precious metals had ended marginally lower.

The US Central Command said it had launched strikes on targets in southern Iran, including boats allegedly attempting to deploy mines and missile launch positions. According to the military, the operations were conducted to safeguard US troops against threats posed by Iranian forces.

Crude oil prices climbed more than 2% a day after touching a two-week low. Oil prices play a major role in shaping inflation expectations, and sustained increases in crude can push inflation higher while keeping interest rates elevated for longer durations. Although gold is traditionally viewed as a hedge against inflation, higher interest rates generally reduce the appeal of non-yielding assets such as bullion.

10:55 (IST), May, 26

Silver Rate Today: Low purity silver bars enter market

Counterfeit and low-purity silver bars and coins are increasingly entering the Indian market as fraudsters attempt to cash in on the sharp rally in silver prices and strong investor demand for the precious metal.

The growing concern has prompted precious metal refiners to approach the Bureau of Indian Standards, urging stricter enforcement of mandatory hallmarking norms for silver products to protect consumers from substandard items. Refiners have also called for compulsory licensing of silver refiners to improve quality oversight and bring greater transparency to the industry.

Although hallmarking of silver products became mandatory from September 2025, industry executives said a significant number of jewellers are still not complying with the requirement.

09:21 (IST), May, 26

Gold Rate Today: Why gold prices are down

“Gold prices fell in Asian trade, reversing part of the previous session’s gains after fresh US strikes on Iranian targets revived fears of a prolonged conflict in the Middle East.

Reports suggested the US military targeted missile launch sites and mine-laying boats in southern Iran, dampening recent optimism that US and Iran were nearing a framework peace agreement. The renewed escalation pushed crude oil prices higher after a week of declines, reigniting concerns over energy-driven inflation and keeping markets cautious.

A rebound in oil prices also supported the US dollar, which remained relatively firm as investors continued to view the greenback as a safer asset amid geopolitical uncertainty. Higher oil prices have fueled expectations that global central banks may maintain a hawkish stance or even consider further rate hikes to combat inflation, a trend that continues to weigh on non-yielding assets such as gold.

While reports indicate the US and Iran have made progress on several negotiation points, major disagreements remain over the Strait of Hormuz, sanctions relief, and Iran’s nuclear program. Focus now shifts toward upcoming US GDP and inflation-related data later this week,” says Manav Modi Commodities Analyst Motilal Oswal Financial Services Ltd.

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08:19 (IST), May, 26

Gold Rate Today: International gold prices drop

Gold prices declined on Tuesday after fresh US military strikes in Iran pushed crude oil prices higher, intensifying concerns over inflation and the possibility of interest rates remaining elevated for a longer period.

Spot gold fell 0.7% to $4,537.54 per ounce as of 0218 GMT, while US gold futures for June delivery edged up 0.3% to $4,538.50.

An official familiar with the matter said on Monday that Iran’s foreign minister and the country’s chief negotiator were in Doha for discussions with Qatar’s prime minister regarding a possible agreement with the United States aimed at ending the three-month-long conflict. The talks came even as both Washington and Tehran attempted to downplay expectations of an immediate breakthrough.

Despite the diplomatic discussions, US forces carried out strikes in southern Iran on Monday targeting boats allegedly attempting to deploy mines, along with missile launch locations, describing the operations as defensive measures.

07:30 (IST), May, 26

Gold Rate Today: Hyderabad, Pune and Bhubaneswar track upward trend

Hyderabad, Pune and Bhubaneswar witnessed an uptick in bullion prices on Monday, with 24K gold trading at Rs 15,938 per gram in all three cities as positive global sentiment supported domestic markets.

06:00 (IST), May, 26

Gold Rate Today: Ahmedabad and Jaipur witness steady gains in bullion

Gold rates in Ahmedabad and Jaipur also moved up on Monday. In Ahmedabad, 24K gold was priced at Rs 15,943 per gram, while Jaipur reported 24K gold at Rs 15,953 per gram.

04:30 (IST), May, 26

Gold Rate Today: Bengaluru, Mumbai, Kolkata see similar bullion pricing

Bengaluru, Mumbai and Kolkata recorded similar gold prices on Monday, with 24K gold at Rs 15,938 per gram and 22K gold at Rs 14,610 per gram in all three cities.

03:00 (IST), May, 26

Gold Rate Today: Delhi gold rates climb; 24K crosses Rs 15,950 per gram

Gold prices in Delhi edged higher, with 24K gold trading at Rs 15,953 per gram. Meanwhile, 22K gold was priced at Rs 14,625 per gram and 18K gold at Rs 11,964 per gram.

01:31 (IST), May, 26

Gold Rate Today: Chennai records highest gold prices among major metros

Chennai continued to report the highest bullion prices among major cities, with 24K gold priced at Rs 16,124 per gram, while 22K gold stood at Rs 14,780 per gram.

00:01 (IST), May, 26

Gold Rate Today: Retail gold prices rise across major Indian cities

Retail gold prices moved higher across several Indian cities on Monday, with gains seen in 22K, 24K and 18K categories amid a broader rally in global bullion markets.

23:26 (IST), May, 25

Gold Rate Today: Falling bond yields add support to bullion rally

Motilal Oswal analyst Manav Modi said gold also benefited from declining US Treasury yields and reduced fears of prolonged energy-led inflation as hopes for de-escalation in West Asia improved market sentiment.

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22:31 (IST), May, 25

Gold Rate Today: MCX gold rises Rs 426 amid hopes of US-Iran peace breakthrough

Gold prices climbed Rs 426 to Rs 1,59,105 per 10 grams in futures trade on Monday, tracking gains in global bullion markets amid optimism over a possible peace agreement between the United States and Iran.

21:39 (IST), May, 25

Gold Rate Today: Weak US dollar boosts precious metals sentiment

Analysts said a softer US dollar helped lift gold prices globally.

Lemonn Markets Desk analyst Gaurav Garg said optimism around potential US-Iran diplomacy and easing crude oil prices supported the rally in bullion.

20:43 (IST), May, 25

Gold Rate Today: June gold contracts gain on MCX with strong trading volumes

On the Multi Commodity Exchange (MCX), gold contracts for June delivery rose 0.27% or Rs 426 to Rs 1,59,105 per 10 grams, with a business turnover of 5,312 lots.

19:51 (IST), May, 25

Gold price today: Yellow metal rises; check 24K, 22K city-wise rates in Delhi, Mumbai, Kolkata and more

Gold prices rose in futures trade on Monday, tracking gains in global markets amid growing optimism surrounding a possible peace agreement between the United States and Iran. Retail gold rates across major Indian cities also moved higher, with 22K, 24K and 18K prices recording gains compared to the previous day.

On the Multi Commodity Exchange (MCX), gold contracts for June delivery climbed by Rs 426, or 0.27 per cent, to Rs 1,59,105 per 10 grams in a business turnover of 5,312 lots. As per PTI, analysts attributed the rise to a weaker US dollar and positive sentiment linked to the ongoing US-Iran negotiations.

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18:57 (IST), May, 25

Gold Rate Today: Gold down 14% since Iran war began in February

Despite Monday’s gains, gold prices remain nearly 14% lower since the Iran war erupted in late February, as soaring energy prices and inflation fears strengthened expectations of higher US interest rates.

18:01 (IST), May, 25

Gold Rate Today: UBS says lower oil prices supporting bullion rally

UBS analyst Giovanni Staunovo said gold prices were being influenced heavily by movements in crude oil markets.

He noted that falling oil prices could support expectations of easier monetary policy from the US Federal Reserve, boosting bullion demand.

17:03 (IST), May, 25

Gold Rate Today: US gold futures rise despite uncertainty over Iran deal

US gold futures for June delivery gained 0.9% to $4,561.30 even as Washington and Tehran downplayed the chances of an immediate agreement.

Markets remain focused on talks aimed at reopening the Strait of Hormuz.

16:11 (IST), May, 25

Gold Rate Today: Gold climbs over 1% as Iran peace hopes weigh on dollar, oil

Gold prices rose more than 1% on Monday as hopes of a possible peace deal to end the Iran war pushed the dollar and crude oil prices lower, easing concerns over inflation and prolonged high interest rates. Spot gold rose 1.1% to $4,559.69 an ounce.

15:16 (IST), May, 25

Trump has been raising market hopes for some sort of deal with Iran, which could lead to the reopening of the Strait of Hormuz. That prospect has weighed on oil prices and, by extension, given gold a welcome lift from an inflation perspective

- Tim Waterer, chief ‌market ⁠analyst at KCM Trade to Reuters

13:55 (IST), May, 25

Gold Rate Today: How to trade gold

Manoj Kumar Jain told ET gold and silver prices are likely to witness continued volatility this week due to fluctuations in crude oil prices and ongoing optimism regarding a possible peace agreement between the United States and Iran.

According to Jain, gold is expected to find support in the range of $4,500-$4,467 per troy ounce, while resistance is seen between $4,555 and $4,600 during the current trading session. For silver, support levels are placed at $74.20-$72.00 per troy ounce, whereas resistance is likely around $78.80-$80.40.

On the Multi Commodity Exchange (MCX), Jain said gold has support at Rs 1,57,700-Rs 1,56,650 and resistance between Rs 1,59,850 and Rs 1,61,100. Silver is expected to receive support in the Rs 2,70,000-Rs 2,65,500 zone, while resistance is placed between Rs 2,76,000 and Rs 2,81,000.

He further said that Prithvi Finmart, in its Tuesday morning note, had recommended buying silver in the Rs 2,71,000-Rs 2,67,000 range with a stop loss below Rs 2,63,000 and target levels of Rs 2,81,000-Rs 2,85,000. Investors holding long positions based on this recommendation were advised to strictly follow the stop loss and consider booking profits near the suggested targets.

Jain also recommended buying gold in the Rs 1,58,500-Rs 1,57,700 range, with a stop loss below Rs 1,56,650 and upside targets of Rs 1,59,350-Rs 1,60,300.

12:31 (IST), May, 25

Gold Rate Today: Mumbai bullion opening rates

Silver spot (in Rs per kilo) : 269754.00

Standard gold (99.5) : 157987.00

Pure gold (99.9) : 158622.00

10:58 (IST), May, 25

Gold Rate Today: Why gold prices are up

Gold prices rose sharply in early Asian trade as renewed optimism over a potential US-Iran peace agreement boosted sentiment across precious metals markets. Bullion benefited from a sharp decline in the US dollar and Treasury yields, while easing concerns over prolonged energy-driven inflation also supported prices. US President Trump said over the weekend that the framework for a peace deal with Iran was “largely negotiated,” with reports indicating that the proposed agreement could extend the existing ceasefire and reopen shipping routes through the Strait of Hormuz, a critical chokepoint for global oil flows. However, Trump later clarified that there was “no hurry” to finalize the agreement and confirmed that the US naval blockade against Iran would remain in place for now.

Despite progress in negotiations, key disagreements persist, particularly around Tehran’s nuclear program and US demands for Iran to surrender its enriched uranium stockpiles, which Iranian officials have repeatedly rejected. Still, hopes for de-escalation helped ease fears that surging oil prices could trigger another wave of global inflation and force central banks into further rate hikes.

Minutes from the Federal Reserve’s April meeting scheduled last week, showed policymakers remained open to further hikes if energy-driven inflation persists, while newly sworn-in Fed Chair Kevin Warsh is expected to maintain a cautious stance despite President Trump’s push for lower rates. Traders are now fully pricing in at least one quarter-point rate hike by year-end.

Attention this week now shifts to US GDP data and further developments in Middle East negotiations, while US markets remain closed today, says Manav Modi Commodities Analyst Motilal Oswal Financial Services Ltd.

10:56 (IST), May, 25

Gold Rate Today: MCX Gold, MCX Silver prices soar

Gold and silver prices began Monday’s trading session on a firm footing on the Multi Commodity Exchange (MCX), supported by weakness in the US dollar and softer crude oil prices, as investors assessed the possibility of progress in peace talks between the United States and Iran.

In the domestic futures market, MCX silver contracts for July 2026 delivery climbed Rs 5,042, or 1.8%, to Rs 2,76,888 per kilogram. Gold futures for June 2026 delivery also moved higher by Rs 821 to Rs 1,59,500 per 10 grams. During the previous session, both precious metals had ended marginally lower.

On Saturday, US President Donald Trump said that Washington and Tehran had “largely negotiated” a memorandum of understanding related to a peace agreement that could lead to the reopening of the Strait of Hormuz. Before the conflict escalated, the route handled nearly one-fifth of global oil and liquefied natural gas shipments.

The decline in crude oil prices to a two-week low also supported buying sentiment in precious metals. Oil prices play a key role in shaping inflation expectations, as elevated crude rates can push inflation higher and keep interest rates elevated for a longer period. While gold is generally viewed as a hedge against inflation, higher interest rates often reduce the appeal of non-yielding assets like bullion.

In the international market, spot gold rose 1.1% to USD 4,560.09 per ounce, while US gold futures for June delivery gained 0.9% to USD 4,562.10 per ounce. Among other precious metals, spot silver jumped 3.1% to USD 77.81 per ounce. Platinum advanced 2.1% to USD 1,963.30, while palladium climbed 2.4% to USD 1,381.82 per ounce.

08:19 (IST), May, 25

Gold Rate Today: Gold likely to trade sideways

Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services said gold is expected to remain largely sideways this week, while silver may continue to show strength as market attention stays focused on US-Iran peace discussions aimed at ending the conflict.

Mer said gold prices remained largely range-bound over the past few sessions and ended the week with slight losses due to the absence of strong directional triggers from either the economic front or developments related to the US-Iran conflict.

He added that crude oil prices continued to remain volatile because of inconsistent and frequently changing statements from both US and Iranian officials.

08:19 (IST), May, 25

Gold Rate Today: Dollar weakens, oil drops

The decline in the dollar made gold priced in the greenback cheaper for buyers using other currencies, supporting demand for bullion.

US President Donald Trump said on Sunday that he had instructed his representatives not to hurry negotiations with Iran, as his administration attempted to tone down expectations of an immediate breakthrough in the conflict that has continued for the past three months.

A day earlier, Trump had stated that Washington and Tehran had “largely negotiated” a memorandum of understanding related to a potential peace agreement that could reopen the Strait of Hormuz.

Oil prices fell to their lowest levels in two weeks on Monday amid optimism that the United States and Iran were moving closer to a peace deal, although major differences between the two sides still remain unresolved.

08:19 (IST), May, 25

Gold Rate Today: Gold round-up from last week

Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities said gold traded within a narrow range last week and recorded modest gains of nearly 0.40% on the MCX, settling close to Rs 1,58,670 per 10 grams.

He noted that crude oil witnessed sharp profit booking during the week, with prices correcting nearly 7% from recent highs, which helped ease some global inflation concerns.

Trivedi also pointed out that the rupee recovered from weaker levels near 97 against the US dollar to strengthen around 95.70, limiting the upside in domestic gold prices despite relatively stable global bullion trends.

In international markets, Comex gold futures declined 1% for the week to close at $4,523.2 per ounce, while silver futures fell almost 2% to settle at $76.20 per ounce.

08:18 (IST), May, 25

Silver Rate Today: Spot silver prices surge

Spot silver surged 3.9% to $78.42 per ounce, platinum gained 1.9% to $1,959.85, and palladium also rose 1.9% to $1,373.25.

In India, gold continued to trade at a steep discount last week as volatility in prices affected demand, while premiums in China eased.

Gold speculators reduced their net long positions by 6,239 contracts to 94,388 during the week ending May 19.

08:18 (IST), May, 25

Gold Rate Today: Gold prices climb over 1%

Gold prices climbed more than 1% on Monday, supported by weakness in the US dollar and softer crude oil prices, as investors closely monitored the possibility of progress in peace negotiations between the United States and Iran.

Spot gold advanced 1.4% to $4,570.88 per ounce by 0045 GMT, while US gold futures for June delivery gained 1.1% to reach $4,572.90.

Gold, Silver Rate Today Live Updates: On the Multi Commodity Exchange (MCX), gold futures ended the previous week with marginal gains at around Rs 1.58 lakh per 10 grams, while silver futures closed slightly lower at Rs 2.71 lakh per kilogram.

Domestic commodity futures markets will remain shut during the morning trading session on Thursday on account of Bakri Id.

Meanwhile, US President Donald Trump said on Sunday that Washington and Tehran were close to reaching a broad agreement aimed at reducing tensions in the Gulf region and reopening the Strait of Hormuz.

In a post on Truth Social, Trump claimed that the agreement had been “largely negotiated” and that only final details remained before an official announcement.

(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India.)

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Gold, Silver Rate Today Highlights: MCX Gold, MCX Silver futures slip; international gold prices drop on fresh US strikes in Iran

Bengaluru bullion rates on Tuesday showed 22 karat gold priced at Rs 15,000 per gram and 24 karat gold at Rs 16,360 per gram, while silver was priced at Rs 2,82,700 per kilogram.

Silver spot (in Rs per kilo) : 266350.00Standard gold (99.5) : 157090.00Pure gold (99.9) : 157722.00

Hyderabad, Pune and Bhubaneswar witnessed an uptick in bullion prices on Monday, with 24K gold trading at Rs 15,938 per gram in all three cities as positive global sentiment supported domestic markets.

Gold rates in Ahmedabad and Jaipur also moved up on Monday. In Ahmedabad, 24K gold was priced at Rs 15,943 per gram, while Jaipur reported 24K gold at Rs 15,953 per gram.

Bengaluru, Mumbai and Kolkata recorded similar gold prices on Monday, with 24K gold at Rs 15,938 per gram and 22K gold at Rs 14,610 per gram in all three cities.

Gold prices in Delhi edged higher, with 24K gold trading at Rs 15,953 per gram. Meanwhile, 22K gold was priced at Rs 14,625 per gram and 18K gold at Rs 11,964 per gram.

Chennai continued to report the highest bullion prices among major cities, with 24K gold priced at Rs 16,124 per gram, while 22K gold stood at Rs 14,780 per gram.

Retail gold prices moved higher across several Indian cities on Monday, with gains seen in 22K, 24K and 18K categories amid a broader rally in global bullion markets.

Motilal Oswal analyst Manav Modi said gold also benefited from declining US Treasury yields and reduced fears of prolonged energy-led inflation as hopes for de-escalation in West Asia improved market sentiment.

Gold prices climbed Rs 426 to Rs 1,59,105 per 10 grams in futures trade on Monday, tracking gains in global bullion markets amid optimism over a possible peace agreement between the United States and Iran.

Analysts said a softer US dollar helped lift gold prices globally. Lemonn Markets Desk analyst Gaurav Garg said optimism around potential US-Iran diplomacy and easing crude oil prices supported the rally in bullion.

On the Multi Commodity Exchange (MCX), gold contracts for June delivery rose 0.27% or Rs 426 to Rs 1,59,105 per 10 grams, with a business turnover of 5,312 lots.

Despite Monday’s gains, gold prices remain nearly 14% lower since the Iran war erupted in late February, as soaring energy prices and inflation fears strengthened expectations of higher US interest rates.

UBS analyst Giovanni Staunovo said gold prices were being influenced heavily by movements in crude oil markets. He noted that falling oil prices could support expectations of easier monetary policy from the US Federal Reserve, boosting bullion demand.

US gold futures for June delivery gained 0.9% to $4,561.30 even as Washington and Tehran downplayed the chances of an immediate agreement. Markets remain focused on talks aimed at reopening the Strait of Hormuz.

Gold prices rose more than 1% on Monday as hopes of a possible peace deal to end the Iran war pushed the dollar and crude oil prices lower, easing concerns over inflation and prolonged high interest rates. Spot gold rose 1.1% to $4,559.69 an ounce.

Trump has been raising market hopes for some sort of deal with Iran, which could lead to the reopening of the Strait of Hormuz. That prospect has weighed on oil prices and, by extension, given gold a welcome lift from an inflation perspective

- Tim Waterer, chief ‌market ⁠analyst at KCM Trade to Reuters

Silver spot (in Rs per kilo) : 269754.00Standard gold (99.5) : 157987.00Pure gold (99.9) : 158622.00

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Silver spot (in Rs per kilo) : 266350.00

Standard gold (99.5) : 157090.00

Pure gold (99.9) : 157722.00

Analysts said a softer US dollar helped lift gold prices globally.

Lemonn Markets Desk analyst Gaurav Garg said optimism around potential US-Iran diplomacy and easing crude oil prices supported the rally in bullion.

UBS analyst Giovanni Staunovo said gold prices were being influenced heavily by movements in crude oil markets.

He noted that falling oil prices could support expectations of easier monetary policy from the US Federal Reserve, boosting bullion demand.

US gold futures for June delivery gained 0.9% to $4,561.30 even as Washington and Tehran downplayed the chances of an immediate agreement.

Markets remain focused on talks aimed at reopening the Strait of Hormuz.

Silver spot (in Rs per kilo) : 269754.00

Standard gold (99.5) : 157987.00

Pure gold (99.9) : 158622.00