Gold and silver prices traded lower on Wednesday in both domestic and global markets as investors remained cautious amid the ongoing Iran–Israel war and ahead of the US Federal Reserve’s policy decision. While geopolitical tensions supported safe-haven demand, higher interest rate expectations kept prices largely range-bound.
MCX
Gold and silver prices edged lower on the MCX as investors stayed cautious. Silver futures fell Rs 1,995 (0.8%), while gold declined Rs 336 (0.2%), with prices moving in a narrow range amid expectations of a Fed rate pause.
Spot (Global)
Spot gold slipped 0.4% to $4,984.29, while US futures also declined. Ongoing Iran–Israel tensions and disruptions in the Strait of Hormuz kept oil above $100, supporting safe-haven demand, though higher rates capped gains. Silver, platinum and palladium also declined.