New Delhi, June 16 -- Gold rate rose in morning deals on MCX on Tuesday, 16 June, following a muted trend in global bullion prices, as investors await key details of the US-Iran peace deal and how the ongoing dispute ends in the coming days.

MCX gold rate today for August futures contracts was trading 0.09% higher at Rs.1,53,060 per 10 grams. MCX silver futures, on the other hand, were trading 0.4% lower at Rs.2,51,130 per kg at around 9:35 am.

US President Donald Trump has claimed that the Iran war is now settled, that Washington and Tehran have agreed on a peace deal, and that he expects the deal to be signed on Friday, 19 June.

The recent uncertainty over the US-Iran war has led to higher crude oil prices, supply chain problems and ...