New Delhi, March 3 -- Gold prices continue to rise for the fifth session straight, while the silver rate today surged nearly 2% on Tuesday, March 3, after closing in the red on the previous day, following escalating tensions in the Middle East.

Spot gold rate today was 1.26% higher, trading at $5,738 per ounce. On the other hand, spot silver prices rose 1.92% to $90.56 per ounce during the Asian trading hours, after falling 6% on Monday.

Donald Trump said the US would persist with its military campaign against Iran for as long as necessary, even as Tehran targeted oil and gas facilities and threatened maritime traffic in the region.

The surge in energy prices that followed has fueled inflation concerns in the US, pressuring Treasury pr...