Gold holds firm around $4,800, MCX futures up around 1%

Gold prices climbed toward $4,800 per ounce as Donald Trump extended the US-Iran ceasefire, supporting safe-haven demand amid the collapse of fresh peace talks and lingering geopolitical uncertainty. Broad tensions remain elevated with reported incidents in the Strait of Hormuz, including vessel seizures and retaliatory actions, while mixed signals around negotiations continue to keep markets on edge. The fragile nature of the truce is sustaining a risk premium in bullion, and on the domestic front, MCX June gold futures advanced over 1% to Rs 1,53,368 per 10 grams, tracking the global uptrend as investors stay cautious amid ongoing geopolitical developments.

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