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Gold, silver rise upto 1 pc as crude oil gains and US-Iran tensions persist

Gold and silver prices rose on Thursday, with silver gaining nearly 1.5 per cent and gold up around 0.5 pr cent on the MCX

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Precious metals trade higher on safe-haven buying. Representational Image

Precious metals trade higher on safe-haven buying. Representational Image

Gold and silver prices moved higher on Thursday, gaining up to 1 per cent in early trade as investors turned to safe-haven assets amid global tensions. The rally was supported by rising crude oil prices, a weaker US dollar and continued uncertainty over the US-Iran peace talks, as per IANS.

On the Multi Commodity Exchange (MCX), gold futures for June 5 rose to an intraday high of Rs 1,52,887, up 0.49 per cent or Rs 755 in morning. The metal also touched a low of Rs 1,52,400 during the session.

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