New Delhi, June 2 -- Gold rate rose in morning deals on MCX on Tuesday, 2 June, supported by a slightly weaker dollar and weak crude oil prices, even as investors' focus remained on developments surrounding a potential US-Iran peace deal.

MCX gold August futures were 0.16% higher at Rs.1,59,440 per 10 grams, while MCX silver July futures were 0.2% lower at Rs.2,66,850 per kg around 9:22 am.

The dollar index was trading lower by about 0.01%, making greenback-denominated gold less expensive for buyers in other currencies.

Furthermore, the crude oil price declined by over 0.95% amid persistent uncertainty over a US-Iran deal, heightening the risk of inflation remaining high and driving global monetary tightening.

US President Donald Trum...