Gold rate today, May 27 -- Gold prices rose slightly in the domestic futures market on Tuesday morning, supported by upbeat global trends and a weaker US dollar. At around 9:10 AM, MCX Gold June 5 contracts were trading 0.08% higher at Rs.96,018 per 10 grams.

On Monday, the MCX Gold June 5 was trading lower 0.73 per cent at Rs.95,721 per 10 grams.

Gold prices have been consolidating recently as fears of a trade war diminish and geopolitical tensions lessen. Nonetheless, concerns about a growing US fiscal deficit following the tax-cut legislation are helping to bolster gold while putting pressure on the US dollar.

Gold prices on the MCX climbed 2 per cent last week, driven by a weaker dollar and growing worries about the US debt crisis....