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. The June 5 contract opened at Rs 1,50,720 per 10 grams, up Rs 693 or 0.46 per cent from the previous close of Rs 1,50,027. As the day progressed, the yellow metal edged lower and was trading at Rs 1,49,971 around 11:30 am, down Rs 56 or 0.04 per cent.