New Delhi, May 12 -- Silver prices in India climbed on Tuesday, 12 May, as rising tensions around the Strait of Hormuz, a weaker US dollar, and growing inflation fears pushed investors toward safe-haven assets. Traders also remained cautious ahead of a crucial meeting between US President Donald Trump and Chinese President Xi Jinping, while closely watching fresh developments in the Middle East conflict. Gold also rose.

In India, MCX silver rate advanced 1.5% to Rs.2,82,463 per kg, while MCX gold price advanced 0.3% to Rs.1,54,150/10 grams.

Silver prices extended gains, with spot silver rising 0.2% to $86.27 per ounce after surging more than 7% in the previous session, marking its strongest rally in over a month. Spot gold also advanced...