New Delhi, June 4 -- Gold and silver prices in India opened higher on the Multi Commodity Exchange (MCX) on Thursday, following gains in global bullion prices amid renewed expectations for a resolution to the US-Iran war.

At 9:05 AM, MCX gold price was trading higher by Rs.521, or 0.33%, at Rs.1,59,040 per 10 grams level, while MCX silver price was up by Rs.220, or 0.08%, at Rs.2,63,178 per kg.

In the international market, gold prices rose, supported by lower crude oil prices and a weaker dollar.

Spot gold price gained 0.7% to $4,461.09 per ounce, while US gold futures for August delivery rose 0.5% to $4,487.90. Spot silver price rallied 0.6% to $73.13 per ounce.

Hopes of an end to the broader US-Iran war were boosted after Israel and...