New Delhi, April 27 -- Gold and silver pared Monday's intraday gains on 27 April as the lack of clarity over the resumption of US-Iran peace talks pushed crude oil prices higher, intensifying inflationary concerns. Investors also refrained from taking fresh positions ahead of key central bank meetings scheduled this week.

COMEX gold futures dropped $59 per troy ounce to an intraday low of $4,681, while silver futures fell $1.82 to $74.59.

Crude oil prices continue to trade higher, with Brent crude futures hitting $108 a barrel, marking the highest level in three weeks after hopes for a second round of ceasefire negotiations between Washington and Tehran unravelled over the weekend.

While uncertainty lingers over a second round of peace...