Gold and silver prices witnessed a sharp rally after the US-Iran ceasefire boosted global market sentiment. Easing tensions in West Asia triggered a relief rally across commodities and financial markets. Investors reacted positively to reduced geopolitical risks. The improved outlook supported demand for precious metals. This led to strong gains in both domestic and international markets. Analysts linked the surge to a shift in risk appetite. Overall sentiment turned optimistic following the truce announcement.

In the national capital, silver prices jumped significantly during the session. The metal surged by ₹11,000 to reach ₹2.51 lakh per kilogram. This marked nearly a 5 per cent increase from the previous close. Gold prices also recorded a strong upward movement. The yellow metal climbed ₹3,200 to ₹1.56 lakh per 10 grams. Both metals benefited from strong global cues. The rally reflected renewed investor interest in bullion.

In international markets, gold and silver continued their upward trend. Spot gold rose by over 2 per cent to trade near $4,803 per ounce. Silver outperformed with gains of around 6 per cent. Analysts noted that falling crude oil prices supported the rally. A weaker US dollar also added to the positive momentum. These factors increased the attractiveness of precious metals. Global investors responded quickly to the improved conditions.

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Market experts highlighted that easing tensions reduced fears of supply disruptions. The reopening prospects of the Strait of Hormuz further boosted confidence. Lower energy prices are expected to ease inflation concerns. This may also reduce pressure on central banks to hike interest rates. As a result, commodities, equities, and bonds all rallied together. The synchronised movement reflects broader market relief. Precious metals benefited strongly from this trend.

However, analysts cautioned that the situation remains fragile. The ceasefire is temporary and depends on compliance from both sides. Any escalation could reverse the current positive sentiment. Volatility may return if geopolitical tensions resurface. Investors are advised to remain cautious in the near term. Market movements will depend on further developments. For now, bullion continues to ride the wave of optimism.

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