New Delhi, April 9 -- Gold and silver prices traded flat on Thursday, 9 April, as a weaker US dollar lent support, even as tensions in the Middle East resurfaced.

Comex gold futures surged by just $25 per troy ounce to an intraday high of $4,802, while silver futures are trading flat at $75.47. Both metals had posted strong gains in the previous trading session after US President Donald Trump announced a ceasefire, boosting demand for precious metals.

However, they failed to extend those rallies as uncertainty looms over the two-week ceasefire after Iran warned that some terms of the deal had been breached.

Iran claimed that Israel violated the ceasefire terms by attacking Lebanon, and, in response, Tehran once again closed the Strait ...