New Delhi, March 18 -- Silver prices were range bound on Wednesday, March 18, as investors stayed cautious ahead of the US Federal Reserve's rate decision later in the day, with inflation risks rising due to elevated oil prices amid the prolonged Middle East conflict. The US Federal Reserve is widely expected to keep interest rates unchanged, while markets remain focused on the central bank's outlook on energy-driven inflation.

On MCX, Silver rate fell around 0.9% to Rs.2,50,919 per kg while MCX gold price was down 0.2% to Rs.1,55,607 per 10 gram.

In international markets, precious metals remained subdued. Spot silver declined 0.4% to $79 per ounce, while spot gold slipped 0.1% to $5,000.77 per ounce as of 0243 GMT. US gold futures for ...