Gold and Silver Soar as Federal Reserve Keeps Rates Steady

The US Federal Reserve's decision not to raise interest rates had a positive impact on gold and silver prices. On Wednesday, July 30, 2026, gold futures rose by 2% to $4,115 per ounce, while silver futures increased by 3.5% to $59.40.

The US dollar took a hit after the Federal Reserve's announcement, making both metals more attractive to investors looking for safer bets. This trend was also observed in India, where MCX gold jumped ₹1,500 to ₹142,097 per 10gm and silver rose ₹4,600 to ₹219,000 per kilogram.

The global market is currently experiencing rising geopolitical tensions after President Trump warned Iran over recent attacks. The Brent crude price spiked by 7.5%, adding uncertainty for investors everywhere.