New Delhi, April 14 -- Precious metals saw renewed buying on Tuesday, April 14, amid optimism that the US and Iran are considering another round of peace talks, boosting the appeal of safe-haven assets. The optimism also led to a drop in crude oil prices, while the dollar lost some of its safe-haven appeal.

Comex gold futures surged by $64 per troy ounce to an intraday high of $4,831, while silver futures gained $3.45 to the day's high of $79.11. Both metals had sharply recovered from their intraday lows in the previous session and ended with modest losses.

The US dollar drifted lower, falling to 98 against a basket of currencies, making greenback-priced bullion more affordable for holders of other currencies.

Negotiating teams from th...