Gold hovers near Rs 1.29 lakh as investors stay cautious ahead of US Fed rate decision

Gold traded near ₹1.29 lakh while silver edged higher as global markets waited for the US Fed’s interest rate decision and a weaker rupee supported domestic bullion prices.

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5 days ago

Gold hovers near Rs 1.29 lakh as investors stay cautious ahead of US Fed rate decision

Gold hovers near Rs 1.29 lakh as investors stay cautious ahead of US Fed rate decision
Market activity remained subdued as domestic gold and silver prices traded in a narrow range while investors awaited the US Federal Reserve’s interest rate decision. As of 10:40 am, gold slipped 0.3 percent to ₹1,29,585 per 10 grams, while silver inched up 0.2 percent to ₹1,82,070 per kilogram. Analysts said the lack of clear direction reflects uncertainty ahead of the policy outcome. A weaker rupee, which closed at 90.09 against the dollar, offered support to local gold prices.