Fed Decision Boosts Gold Prices Amid Geopolitical Tensions

The Federal Reserve's decision to keep interest rates unchanged has led to a rebound in gold and silver prices. Gold futures surged to an intraday high of $4,115, while silver reached $59.40 per troy ounce.

Geopolitical tensions also influenced market movements, with the U.S. President Donald Trump stating that Iran would 'get a beating' following attacks on U.S. forces. This led to a surge in Brent crude prices, rising 7.5% or $6.15 to $88.13 per barrel.

In the domestic market, MCX gold futures recovered ₹1,500 per 10 grams to an intraday high of ₹1,42,097, while MCX silver futures rebounded ₹4,600 per kg from the day's low to trade around ₹2,19,000 per kg.