New Delhi, March 12 -- Gold prices were trading marginally lower on Thursday, March 12, while the silver rate today edged higher after the release of monthly US inflation data dampened expectations of interest rate cuts by the Federal Reserve, even as the conflict in the Middle East continues.

Spot gold rate today fell 0.39% to $5,159 per ounce, slipping below the $5,200 level. Meanwhile, spot silver was trading 0.12% higher at $85.65 per ounce during Asian trading hours on Thursday.

Core US inflation remained subdued at the start of the year, before the conflict began. Still, rising forward-looking inflation concerns have lowered the chances of the Federal Reserve reducing borrowing costs.

The Federal Reserve is scheduled to hold its ...