Overview
- Spot prices steadied at the weekend close, with gold around $4,751 per ounce and silver near $76.26 after a volatile stretch that still left both metals higher for the week.
- Gold rose about 2% and silver gained roughly 1.6% to 2% for the week after an April 8 US–Iran ceasefire drove a relief rally in metals.
- The ceasefire also knocked crude oil down more than 15%, easing inflation worries that had weighed on non-yielding assets such as gold and silver.
- Peace talks in Islamabad moved into a further round as Iran presented a 10-point framework, a development traders are tracking for shifts in geopolitical risk.
- In India, 24K gold was about ₹1,52,840 per 10 grams after a ₹490 rise, while silver held near ₹2,60,000 per kg with southern cities showing a ₹5,000 premium.