Gold and silver prices rose strongly on Tuesday as investors moved towards safe-haven assets amid renewed geopolitical uncertainty in West Asia and growing concerns about inflation.

Gold climbs close to Rs 1.61 lakh 

On the Multi Commodity Exchange (MCX), gold futures for August delivery rose by Rs 1,313, or 0.82 per cent, to Rs 1,60,554 per 10 grams. The contract witnessed a business turnover of 8,150 lots, reported PTI.