Global Markets Reel from Fed Meeting, Geopolitical Tensions

Gold prices declined by 1.01% to settle at Rs143,376 as the U.S. dollar regained strength following the Federal Reserve's latest policy meeting.

The Fed kept interest rates unchanged, but Chair Kevin Warsh offered limited guidance on future policy, prompting markets to reduce expectations of a September rate hike.

U.S. Personal Consumption Expenditures (PCE) inflation slipped 0.1% month-on-month in June, marking the weakest reading since April 2020.