Gold and silver prices continued to rise for a second consecutive day on Thursday amid a rise in geopolitical tensions. The sudden rise in gold prices in the commodity market is because of the cautiousness of the US Federal Reserve stance and withdrawal of additional margins on gold and silver futures in the domestic market. 

As reported by news agency IANS, the US Defence Department has sent additional weaponry to the Middle East, such as warships, air defences and submarines, in preparation for a possible military strike on Iran if negotiations fail, according to multiple reports.