New Delhi, June 3 -- Gold prices in India opened marginally higher on the Multi Commodity Exchange on Wednesday, following a weak sentiment in global bullion market as fears of higher interest rates due to the US-Iran war-led inflation risk dented safe-haven appeal for precious metals.

MCX gold rate today for August futures contracts opened 0.06% higher at Rs.1,59,447 per 10 grams as against its previous close of Rs.1,59,346 level. MCX silver rate for July futures contracts opened 0.01% lower at Rs.2,66,668 per kg as compared with its previous close of Rs.2,66,707 level.

At 9:10 AM, MCX gold price was trading higher by Rs.24, or 0.02%, at Rs.1,59,370 per 10 grams, while MCX silver price was down by Rs.491, or 0.18%, at Rs.2,66,216 per k...