New Delhi, April 15 -- Precious metals were trading with modest losses on Wednesday, 15 April, as investors booked profits following the recent rally.

Comex gold futures dropped by $46 per troy ounce to an intraday low of $4,808 after hitting a one-month high of $4,895, while silver futures fell $1.23 to the day's low of $78.3.

Both metals had closed Tuesday's session with sharp gains, with gold surging 1.75% and silver rallying 5.11%. Investors remain active in precious metals, supported by easing geopolitical tensions and softer inflation fears.

Crude oil prices have retreated sharply from recent highs, calming investor concerns over their impact on the economy, while the decline in the US Dollar Index is also supporting the precious...