Gold rate today, May 8 -- Gold prices rose in the domestic futures market Thursday morning, a day after the US Federal Reserve Chair Jerome Powell warned of elevated economic uncertainty and inflation risk in the US, primarily due to President Donald Trump's tariff policies. However, growing optimism over a potential trade deal between the US and its major trading partners, including China and India, capped gains in the yellow metal. MCX Gold June 5 contracts traded 0.11 per cent higher at Rs.97,200 per 10 grams around 9:15 AM.

The US Federal Reserve's FOMC (Federal Open Market Committee) kept the key benchmark interest rates unchanged on Wednesday, May 7, flagging the risks of economic uncertainty and inflationary pressures on the US ec...