New Delhi, March 24 -- Gold and silver rates today fell more than 3% to extend losses on Tuesday, March 24, after signs of de-escalation in the Middle East conflict.

The COMEX gold rate today was down 1.51% to $4,370 per ounce, while the COMEX silver prices today were trading 3.30% lower at $67 per ounce, during the Asian trading hours on Tuesday.

With the war entering its fourth week, Donald Trump announced a five-day delay to previously threatened strikes on Iran's power infrastructure and noted that "productive discussions" had taken place.

"I AM PLEASE TO REPORT THAT THE UNITED STATES OF AMERICA, AND THE COUNTRY OF IRAN, HAVE HAD, OVER THE LAST TWO DAYS, VERY GOOD AND PRODUCTIVE CONVERSATIONS REGARDING A COMPLETE AND TOTAL RESOLUTI...