On April 15, 2023, precious metals experienced modest losses as investors took profits after a recent rally. Gold futures on the Comex fell by $46 per troy ounce to an intraday low of $4,808, having peaked at $4,895 earlier. Silver futures also declined, dropping $1.23 to $78.3 per ounce. Both metals had seen substantial gains in the previous session, with gold rising 1.75% and silver 5.11%. The market was buoyed by easing geopolitical tensions and a weaker US Dollar, which fell to 98 against a basket of currencies, making gold and silver more affordable for international buyers. Additionally, the US and Iran are set to resume talks amid ongoing tensions, which have implications for global energy prices. In the domestic market, gold futures on the Multi Commodity Exchange (MCX) traded flat at ₹1,54,854 per 10 grams, recovering ₹25,203 from March lows but still below January's record high of ₹1,80,779. Silver also showed resilience, trading flat at ₹2,52,700 per kilogram, having rebounded ₹53,197 from its lows.