Gold prices gravitated toward the $4,800 mark in mid-electronic trade, underpinned by a softening US dollar and a visible unwinding of geopolitical risk premiums amid signs of de-escalation in the Middle East. The dollar index drifted near the 99 handle, enhancing bullion's relative appeal, while easing concerns over further monetary tightening lent additional support to the yellow metal. Investor sentiment remained cautiously constructive, with market participants closely monitoring upcoming US macroeconomic releases and signals from the Federal Reserve for clearer policy direction. On the domestic front, MCX June bullion futures advanced nearly 1% to ₹152,063 per 10 grams, reflecting sustained buying interest in the precious metals space.