New Delhi, June 12 -- Gold prices on MCX rose on Thursday, tracking gains in international bullion prices, as lower than expected US inflation data raised interest rate cut hopes. Escalating geopolitical tensions in the Middle East also increased safe-haven appeal for the yellow metal.

MCX gold prices opened at Rs.97,650 per 10 grams, up by Rs.946, or 0.97%, as against its previous close of Rs.96,704. Silver prices also opened higher at Rs.1,05,850 per kg as compared with its previous close of Rs.1,05,392.

At 9:10 AM, MCX gold rate was up by 1.38%, or by Rs.1,334, at Rs.98,038 per 10 grams, while MCX silver rate was up by Rs.843, or by 0.80%, at Rs.1,06,235 per kg.

In the international bullion market, gold prices rallied amid rising te...