New Delhi, March 30 -- Gold and silver rates today fell up to 2% on Monday, March 30, as the US-Iran war enters its fifth week with no signs of ending.

Spot gold rate today dropped 1.38% to $4,462 per ounce, after ending the previous session up 2.7%. Meanwhile, silver prices were down 2% to $68.3 per ounce during the Asian trading hours.

According to a Bloomberg report, opportunistic buyers are beginning to step in following the gold market's sharpest selloff in years, though worries persist that a prolonged conflict could prompt central banks to offload their holdings or raise interest rates to curb inflation.

As the war entered its second month, countries such as Pakistan, Egypt, and Saudi Arabia held discussions over the weekend in ...