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Gold slips after early gains, silver holds steady as traders await US Fed rate decision

Gold opened higher on MCX at Rs 1,50,720 per 10 grams but later slipped to trade around Rs 1,49,971. Silver held steady with modest gains. Market participants are closely watching the US Fed rate decision for fresh direction, with key resistance levels noted for both metals

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Pure gold (99.9 purity) stood at Rs 1,48,821 per 10 grams in Mumbai. Representational Image

Pure gold (99.9 purity) stood at Rs 1,48,821 per 10 grams in Mumbai. Representational Image

Gold and silver prices showed a firm yet cautious trend on Wednesday as investors awaited the US Federal Reserve’s interest rate decision. Both precious metals moved within a narrow range, reflecting uncertainty in global markets and a lack of strong triggers, reported by IANS.

Gold opens higher but slips later

Gold futures on the Multi Commodity Exchange (MCX) started the session on a positive note but failed to hold gains.

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