New Delhi, May 7 -- Gold and silver continued to trade higher for the third straight session on Thursday, 7 May, as expectations strengthened that the US and Iran could finally seal an agreement to end the two-month-long conflict in West Asia.

These developments also kept crude oil prices under pressure, easing concerns over inflationary pressures and reducing expectations that central banks would need to maintain restrictive policies for longer.

COMEX gold futures rallied $76 per troy ounce to an intraday high of $4,770, building on a 2.75% jump in the previous session, marking its biggest advance since late March. Silver prices, too, extended the winning run, rising $5 to $82.43 per ounce, after the white metal had gained 5% on Wednes...