MCX Gold and Silver Trade Rangebound Ahead of US Fed Rate Decision

MCX gold October futures rose 0.15% to ₹1,51,450 per 10 grams, while silver December futures fell 0.09% to ₹2,32,480 per kg during Tuesday morning trade.

The US dollar index climbed 0.20% and 10-year bond yields topped 5% for the first time since October 2023 ahead of the Federal Reserve policy outcome.

Most market experts anticipate the US central bank will raise its benchmark interest rate by 25 basis points to a range of 3.75%-4.00%.