On Thursday, gold and silver prices saw significant increases on the Multi-Commodity Exchange of India, driven by optimism surrounding potential peace talks between the U.S. and Iran, which could alleviate supply disruptions in the Middle East. Gold futures for June 2026 delivery gained ₹800 (0.52%) to reach ₹1,54,756 per 10 grams, while silver futures for May 2026 delivery rose ₹4,000 (1.6%) to ₹2,55,735 per kg. The U.S. dollar's decline to a more than one-month low has made gold and silver cheaper for buyers using other currencies, further stimulating demand. In the international market, spot gold climbed to $4,830.66 per ounce, while spot silver advanced to $80.17 per ounce. Analysts suggest a trading strategy of buying on dips, with anticipated price targets of ₹1,57,000 for gold and ₹2,61,000 for silver. Support and resistance levels have been established for both metals, indicating potential trading strategies for investors.