Muscat: Gold prices steadied today as investors turned to the precious metal following its decline to the lowest level in more than six weeks, amid inflation concerns that have rippled through global bond markets. Gold prices steadied today as investors turned to the precious metal following its decline to the lowest level in more than six weeks, amid inflation concerns that have rippled through global bond markets.
According to Oman News Agency, spot gold held flat at $4,536.45 per ounce, after hitting its weakest level since 30 March 2026 earlier in the session. US gold futures for June delivery fell 0.5 percent to $4,539.90 per ounce.
Among other precious metals, spot silver dropped 1.3 percent to $74.98 per ounce, platinum slipped 0.5 percent to $1,963.88 per ounce, and palladium fell 1.2 percent to $1,396.14 per ounce.