Gold price climbed Rs 1,539 to Rs 1.52 lakh per 10 gram in futures trade on Wednesday due to bullish sentiment in the domestic market amid rise in precious metal rates globally and a weaker US dollar. On the Multi Commodity Exchange, the yellow metal for June delivery increased Rs 1,539, or 1.02 per cent, to Rs 1,52,300 per 10 grams from Tuesday's closing level of Rs 1,50,761 per 10 grams.

Commodity markets were closed in the morning session on account of Shri Mahavir Janma Kalyanak and resumed trading in the evening session on Tuesday.
Analysts said investors turned to safe-haven asset amid uncertainty surrounding the ongoing US-Iran conflict. "Gold prices saw a notable uptick on Wednesday as investors sought refuge amid rising geopolitical tensions, particularly related to the ongoing US-Iran conflict," Gaurav Garg, Research Analyst at Lemonn Markets Desk, said.