New Delhi, May 27 -- Gold rates were trading higher on the MCX on Wednesday, 27 May, supported by positive global cues amid a decline in the US dollar and a drop in oil prices due to the ongoing geopolitical uncertainty related to the US-Iran war.

There are also reports of Israeli attacks in southern Lebanon that have kept investors cautious, capping the yellow metal's gains. These developments have created volatility in the markets.

MCX gold June futures were 0.10% up at Rs.1,58,220 per 10 grams, while MCX silver July futures were down 0.72% at Rs.2,69,050 per kg around 11:35 AM.

The dollar index eased by about 0.11%, while US 10-year bond yields fell by about half a percentage point to 4.47%, boosting investor interest in gold. Crude...