New Delhi, March 31 -- Gold and silver rates today were trading in green, rose more than 3%, as the Federal Reserve indicated that long-term US inflation expectations remained in check despite the escalating conflict in the Middle East.

COMEX gold rate today was trading nearly 1.25% to $4,618 per ounce, after adding 0.4% in the previous session. Meanwhile, COMEX silver prices surged 3.7% to $73.2 per ounce on Monday, during the Asian trading hours.

Rising oil prices have fueled inflation concerns and strengthened expectations of potential rate hikes, although Federal Reserve Chair Jerome Powell said the central bank's policy stance is "in a good place for us to wait and see."

According to a Bloomberg report, dip-buying has emerged in t...