Following a temporary ceasefire in the Middle East, gold and silver prices have experienced significant gains as investors seek safe-haven assets. On the Comex, gold futures surged by $204 per troy ounce, reaching an intraday high of $4,888, while silver futures climbed by $5.82 to $77.8. The decline of the US dollar, with the dollar index falling to 99, has further bolstered these precious metals. Despite this rally, both metals remain significantly lower than their January highs, with gold down nearly 13% and silver lower by approximately 36%. The Federal Reserve, alongside other global central banks, is adopting a cautious approach to interest rate decisions, which typically favors non-yielding assets like gold and silver. In the domestic market, gold futures on the Multi Commodity Exchange (MCX) rose by ₹4,645 per 10 grams to reach ₹1,54,934, marking a cumulative gain of 3.5%. Silver prices also saw an increase, crossing the ₹2.46 lakh mark, with futures rising by ₹15,312 per kilogram.