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As on : 02-Jun-2026
Other Markets - Bullion Markets
02-Jun-2026     14:28

Gold gains more than 1% as recovery from two-week low extends

COMEX Gold futures bounced back today after a near 2% slide in last session as the US-Iran ceasefire talks showed limited progress with unresolved issues over nuclear program. This propped up the yellow metal amid safe-haven buying and the counter is currently trading up 1.18% at $4559 per ounce. Gold has been slippery in last few weeks and tested near two-month low in last week before witnessing some support. US dollar index is quoting just around 99 mark today while a modest pullback is also seen in treasury yields. Gold is likely waiting for fresh triggers on geopolitical front. MCX Gold futures are up 0.68% at Rs 160330 per 10 grams. The counter witnessed steady gains throughout the session today after a modest opening. The open interest has dipped marginally.

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