On Friday, gold and silver prices opened higher on the Multi-Commodity Exchange of India, driven by easing tensions surrounding a potential peace deal between the United States and Iran. Silver futures for May 2026 delivery rose by ₹1,458, reaching ₹2,50,086 per kg, while gold futures for June 2026 delivery remained stable at ₹1,53,079 per 10 grams. Internationally, spot gold held steady at $4,789.67 per ounce, marking a 0.9% increase for the week, while spot silver slipped 0.2% to $78.26 per ounce. Market sentiment was buoyed by a recent ceasefire between Lebanon and Israel, and indications from US President Donald Trump about upcoming talks with Iran. Analysts suggest that both metals could remain volatile due to fluctuations in the dollar index and crude oil prices. Manoj Kumar Jain of Prithvi Finmart recommends a buy-on-dips strategy for both metals, with specific support and resistance levels outlined for traders. In physical markets, gold prices vary, with standard gold (22 carat) priced at approximately ₹1,14,208 per 8 grams in Delhi.