On Tuesday, gold and silver prices on the Multi Commodity Exchange of India experienced a slight decline, with silver futures for May 2026 delivery decreasing by ₹2,335 to ₹2,50,210 per kg. Gold futures for June 2026 delivery remained stable at ₹1,53,785 per 10 grams. The decline is attributed to a stronger dollar and investor caution ahead of potential peace talks between the U.S. and Iran, which could impact market dynamics. Globally, spot gold prices fell 0.2% to $4,807.91 per ounce, marking a continuation of losses from the previous day. Analysts, including Manoj Kumar Jain of Prithvi Finmart, anticipate ongoing volatility in both metals, influenced by fluctuations in the dollar index and crude oil prices. Key support levels for gold are identified between $4,788–$4,740 per troy ounce, and for silver, between $78.40–$76.60. Jain recommends a buy-on-dips strategy for both metals, suggesting gold buyers remain active as long as prices hold above ₹1,48,000.