New Delhi, Feb. 25 -- Gold and silver rates today turned green after closing in red on Tuesday, on reduced expectations of the US Fed rate cut in the upcoming US Fed meeting.

Spot gold rate today went up 0.48% to $5,202 per ounce, while spot silver prices rose nearly 0.96% to $88.25 per ounce, during the Asian trading hours on Wednesday.

Both precious metals snapped their four-day winning streak on Tuesday, dropping up to 1.6%.

The US Fed is expected to keep interest rates unchanged "for some time," as recent economic data points to improving conditions in the US labour market, Susan Collins, President of the Federal Reserve Bank of Boston, was quoted as saying by Bloomberg.

Minutes from the Federal Reserve's January policy meeting, r...