Gold rate rises 1.14% as hopes of US-Iran peace lift sentiment

Gold prices rose on Thursday, with June futures up 1.14% at ₹1,53,865 per 10 gram on the MCX. The gain came as investors tracked developments around a possible US-Iran peace deal, which could reopen the Strait of Hormuz. After crude oil prices declined, the US dollar also eased, which made bullion more affordable for buyers using other currencies.