On Thursday, gold and silver prices opened higher on the Multi-Commodity Exchange of India, buoyed by a weaker dollar and optimism surrounding a potential peace agreement between the United States and Iran. Gold futures for June 2026 delivery rose by ₹755 to ₹1,52,887 per 10 grams, while silver futures for July 2026 delivery surged by ₹3,800 to ₹2,57,055 per kg. This increase follows reports that the U.S. and Iran are nearing a one-page, 14-point memorandum of understanding aimed at ending the ongoing conflict. As of 0231 GMT, spot gold traded at $4,701.19 per ounce, reflecting a nearly 3% rise on Wednesday, while spot silver was at $77.68 per ounce. Market analysts expect continued volatility in precious metal prices due to fluctuations in the dollar index and crude oil prices, especially ahead of the U.S. non-farm payroll data. Investors are advised to consider booking profits from existing positions and to wait for corrective dips before making new investments.