On April 27, silver prices in New Delhi rebounded by ₹3,500, reaching ₹2.50 lakh per kg, while gold prices increased by ₹200, settling at ₹1.56 lakh per 10 grams. This rise is attributed to fresh buying activity from jewellers and retailers. The previous session saw silver close at ₹2,47,000 per kg. According to the All India Sarafa Association, gold of 99.9% purity is now priced at ₹1,56,100 per 10 grams, inclusive of taxes. Saumil Gandhi, Senior Analyst at HDFC Securities, noted that gold remained steady as markets navigated mixed global cues, with ongoing geopolitical risks, particularly concerning US-Iran relations, affecting market sentiment. In international markets, spot gold and silver traded slightly lower at USD 4,704 and USD 75.60 per ounce, respectively, amid stalled US-Iran talks. However, gold later recovered to USD 4,710 per ounce following reports of a new proposal from Iran aimed at reopening the Strait of Hormuz. The upcoming Federal Reserve monetary policy decision on April 29 is expected to significantly influence financial markets as investors remain concerned about rising oil prices impacting potential rate cuts.