Muscat: Gold prices rose today as a decline in oil prices following Washington's extension of the ceasefire with Iran eased concerns over rising inflation and the prospect of prolonged high interest rates. Spot gold advanced 0.9 percent to $4,755.11 per ounce, recovering from Tuesday's drop to its lowest level since 13 April 2026. US gold futures for June delivery rose 1.1 percent to $4,772.90 per ounce.

According to Oman News Agency, among other precious metals, spot silver gained 1.5 percent to $77.84 per ounce, platinum rose 1.5 percent to $2,067.25, and palladium climbed 1.8 percent to $1,560.31.