New Delhi, April 8 -- Gold and silver prices saw a significant rally on Wednesday, April 8, following a crash in global oil prices after the de-escalation of the US-Iran war.

MCX gold prices opened higher today with a gap-up at Rs.1,53,550 per 10 gm and climbed to an intraday peak of Rs.1,53,944 per 10 gm, marking an early morning gain of around 2.50% on Wednesday.

At the same time, MCX silver surged sharply, rising 6% or more than Rs.13,000 to reach Rs.2,44,770 per kg during the April 8 trading session.

On the international front, gold prices surged to nearly a three-week high. Spot gold prices rose around 2.3% to $4,812 per ounce, after climbing over 3% earlier in the session, while US gold futures increased 3.4% to $4,841 an ounce. ...