New Delhi, Sept. 17 -- Gold and silver prices remained in focus today after the US Federal Reserve raised its benchmark interest rate by 25 basis points, taking the target range to 3.75%-4%. The rate decision came as investors assessed the outlook for US monetary policy and its impact on precious metals.

Gold prices had fallen sharply in the previous session, but global bullion prices recovered on Thursday. Spot gold rose more than 1% to around $4,310 an ounce, while silver also gained, according to Reuters. Investors continued to track the US dollar, Treasury yields and geopolitical developments alongside the Fed decision.

The latest move follows a volatile period for precious metals. Gold had fallen by more than 1% on Wednesday, while...