New Delhi, April 21 -- Precious metals-gold and silver-are consolidating on Tuesday, 21 April, as traders weigh the possibility of success in US-Iran talks and the looming end of the ceasefire, while a rebound in the US dollar is also capping the rally.

COMEX gold futures dropped $51 per troy ounce to an intraday low of $4,777, while silver futures fell $2 to $78.17.

Although crude oil prices pulled back in today's trade-easing inflation pressures and tempering expectations of more aggressive central bank policy-traders are awaiting greater clarity on a potential second round of US-Iran peace talks this week.

The dollar index hovered near 98 on Tuesday after declining in the previous session, making dollar-denominated bullion more expe...