New Delhi, March 10 -- Precious metals gold and silver, which had shown a limited reaction to the ongoing US-Iran war, saw a strong spike in Tuesday's session, 10 March, supported by a retreat in the US Dollar Index, which made the metals cheaper for holders of other currencies.

The April gold futures contract on COMEX regained strength, rising $136 per troy ounce to the day's high of $5,238 earlier in the day, recovering all of the previous day's losses.

The May silver futures contract, too, saw a sharp reversal in sentiment, with prices climbing $6 per troy ounce to $90.38.

Today's rally has lifted silver's week-to-date returns to 6%, while the yellow metal's returns moved to 1.34%. Even as geopolitical tensions remained at a boiling...