Gold and silver surge after Iran reopens Strait of Hormuz
NewsBytes | April 18, 2026 3:39 AM CST
Oil falls and Indian metals surge
The reopening pushed down global oil prices and sent the US dollar to its lowest level in six weeks, making gold and silver even more attractive.
In India, gold futures jumped ₹2,348 to ₹155,500 per 10gm while silver soared ₹13,122 to ₹261,750 per kilogram.
With tensions easing and oil cheaper, the US Federal Reserve might resume rate cuts.
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