New Delhi, March 13 -- The demand for gold and silver has largely remained subdued throughout this week as a strengthening US dollar and concerns over a delay in US interest rate cuts have capped prices, even as tensions in the Middle East remained elevated.

The April futures contract on COMEX gold dropped $59 to the day's low of $5,066 per troy ounce in today's session, 13 March, extending its fall to a third straight day. The yellow metal is also on track to post its second consecutive weekly loss.

The May silver contract on COMEX also declined, falling $3.60 per troy ounce to reach the day's low of $81.51 earlier in the session. So far this week, the white metal is down 2.11%, building on 9.6% losses in the previous week.

Geopolitic...