On April 22, gold and silver prices saw significant gains, with gold futures rising by $70 per troy ounce to an intraday high of $4,790. Silver futures increased by $2.14 to reach $78.63. This surge follows US President Donald Trump's decision to extend the ceasefire with Iran, which has bolstered safe-haven demand amid geopolitical uncertainties. Trump's announcement marked a shift in tone from his earlier threats against Iran, as he stated that the US would hold off on military action while negotiations continue. In the domestic market, near-term gold futures on the Multi Commodity Exchange (MCX) rose by ₹2,028 to ₹1,53,699, while silver futures gained ₹6,000 to reach ₹2,50,698. Both metals had faced sharp losses in the previous session but have gained up to 3% so far in April. The sustainability of these gains will depend on further developments in the ongoing negotiations with Iran.