Doha: Gold prices rose on Tuesday, rebounding from a more than one-month low hit in the previous session, though gains were limited by elevated oil prices. Spot gold was up 0.5% at $4,541.39 per ounce. Bullion fell more than 2% to its lowest level since March 31 in the previous session. US gold futures for June delivery rose 0.4% to $4,550.70.

According to Qatar News Agency, spot silver edged 0.4% higher to $73.03 per ounce, platinum gained 1.3% to $1,970.85, and palladium was up 1.2% at $1,497.91. The recovery in gold prices followed a significant dip that affected various precious metals, indicating a cautious optimism in the market as investors responded to fluctuating oil prices impacting commodity markets globally.