Gold, Silver Rate Today Highlights: Gold prices drop on Middle East tensions, Strait of Hormuz closure as oil prices rise; what's the outlook?

Gold, Silver Rate Today Highlights: With the Middle East conflict showing signs of escalation again, and crucial economic data in the coming days, gold and silver prices start this week on an uncertain note. In fact, Gold and silver are heading into a critical phase, with analysts expecting the coming days to determine whether their recent uptrend continues or gives way to a pullback. Escalating geopolitical strains in West Asia, along with a series of key economic indicators, are likely to shape market direction. Attention is also on the temporary ceasefire between the US and Iran, which is due to lapse on April 22, potentially influencing investor sentiment further. Track TOI’s live coverage on where gold, silver prices are headed.