New Delhi, March 25 -- Gold and silver rates today snapped their losing run on Wednesday, March 25, gained as much as 7% on reports that the US is pursuing a diplomatic resolution to the conflict with Iran, even as it continues to deploy additional troops to the Middle East.

COMEX gold rate today jumped around 4% to $4,600 per ounce, while COMEX silver prices surged 7% to $74.42 per ounce, during the Asian trading hours on Wednesday.

According to a Bloomberg report, US President Donald Trump indicated that Iran had offered a "present" to demonstrate goodwill in negotiations, saying it was linked to energy flows through the Strait of Hormuz.

Washington and regional mediators are exploring the possibility of high-level peace talks as ear...