An interim US-Iran agreement to end hostilities and reopen the Strait of Hormuz pushed oil prices to a multiweek low, easing inflation concerns and lifting precious metals. Spot gold rose to USD 4,340.65 per ounce and silver climbed 4.04% to USD 70.74 per ounce. In India’s national capital, gold jumped Rs 2,500 to Rs 1,59,400 per 10 grams and silver rose to Rs 2,60,700 per kg, according to PTI.