New Delhi, Oct. 16 -- Gold prices in India's retail market rose marginally on Friday, 16 October, amid heightened tensions between the US and Iran. Silver prices also edged higher in the domestic bullion market.

The US military has drawn up options for renewed strikes on Iran that include the potential use of one of the biggest non-nuclear bombs in its arsenal, CNN reported Thursday, as Tehran vowed to continue fighting for its demands. This development has raised tensions higher between the two nations, with more updates on the same awaited.

Due to these developments, both 24-karat and 22-karat gold rates are showing a marginal rise across major cities in India. Silver prices also rose in the domestic bullion market.

MCX gold rate on ...