Gold rate today, May 5 -- Following the downside pressure in the US dollar rates and trade talks not yielding any concrete results, gold prices extended their post-correction rally for yet another session during Monday morning deals. MCX gold rates today opened with an upside gap at Rs.93,249 and touched an intraday high of Rs.93,340 per 10 gm within a few minutes of the Opening Bell. US President Donald Trump's U-turn on the US-China tariffs and going soft on the US Fed Chairman Jerome Powell ahead of the US Fed meeting is also aiding this rally, say experts.

Speaking on the reasons fueling gold rates today, Jateen Trivedi, VP Research-Commodity & Currency at LKP Securities, said, "The lack of clarity and shifting stances from the US on...