On Thursday, gold and silver prices opened higher on the Multi Commodity Exchange (MCX), buoyed by a weaker U.S. dollar and falling crude oil prices. Gold futures for August 2026 delivery rose by ₹840 to ₹1,59,366 per 10 grams, while silver futures for July 2026 delivery increased by ₹753 to ₹2,63,711 per kg. This uptick in market sentiment followed the announcement of a ceasefire agreement between Israel and Lebanon, which raised hopes for a broader resolution to ongoing conflicts involving Iran. In international markets, spot gold prices climbed 0.7% to $4,461.09 per ounce, while spot silver gained 0.6% to $73.13 per ounce. Analysts suggest that gold prices may advance towards ₹159,000 per 10 grams, with key support expected at ₹157,700. Investors are also closely monitoring upcoming U.S. nonfarm payrolls data, which could influence the Federal Reserve's interest rate decisions.