New Delhi, April 6 -- Precious metals traded with modest gains during Monday's session (6 April), as investors awaited more clarity on a potential ceasefire in West Asia, while a strong US dollar and elevated bond yields continued to cap the upside rally.

May silver futures on COMEX rebounded, gaining nearly $1 to reach an intraday high of $73.73 per troy ounce. April gold futures surged $54 to hit an intraday high of $4,733 per troy ounce, partially recovering from Thursday's $133 crash.

Both gold and silver closed last week with gains of over 4%; however, they remain at sharp discounts to their recent peaks.

Iran and the United States have received a proposal to end hostilities that could come into effect as early as Monday and lead ...