New Delhi, June 25 -- Gold price opened higher on Multi Commodity Exchange (MCX) on Wednesday, stabilising after a sharp slump in the previous session, as investors monitored the fragile truce between Israel and Iran.

MCX gold rate opened higher at Rs.97,311 per 10 grams as against its previous close of Rs.97,023. MCX silver prices also opened higher at Rs.1,06,341 per kg, as compared to its previous close of Rs.1,06,102.

In the global markets, gold prices firmed as the US dollar and Treasury yields retreated. Spot gold price rose 0.2% to $3,328.89 per ounce, after hitting a more than two-week low on Tuesday. US gold futures gained 0.3% to $3,343.00.

The Israel-Iran ceasefire on Tuesday signalled that the air war between them had ended...