New Delhi, March 19 -- Gold and silver rates today continue to decline on Thursday, March 19, after falling up to 4% in the previous session as the Federal Reserve warned that the Middle East conflict and rising energy prices could fuel inflationary pressures.

Spot gold rate today was down 1% to $4,844 per ounce, while spot silver prices plunged 2.45% to $75.6 per ounce, during the Asian trading hours on Thursday.

The Federal Reserve kept interest rates unchanged at its latest meeting on Wednesday and indicated the possibility of one rate cut this year. However, Chair Jerome Powell emphasised that any reduction would depend on clear progress in easing inflation. In its statement, the Fed noted that the ongoing conflict has made the outl...