Gold rate today, June 15 -- Gold and silver prices in India opened sharply higher on the Multi Commodity Exchange (MCX) on Monday, following a rally in global bullion prices, after US and Iran reached an initial agreement to end their war, pushing oil prices lower and easing concerns about inflation and higher interest rates.

MCX gold rate for August futures contracts opened higher by Rs.3,301, or 2.19%, at Rs.1,53,829 per 10 grams as against its previous close of Rs.1,50,528 level. MCX silver price for July futures contracts opened higher by Rs.5,377, or 2.18%, at Rs.2,51,563 per kg as compared to its previous close of Rs.2,46,18 level.

In the international market, gold prices jumped over 2% as the dollar sank after the announcement of...