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Commodities

Gold Rises on MCX Amid Decline in Oil Prices Ahead of Fed Decision

Guavy AI Editorial Team
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Oil Gold Silver
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Gold prices on MCX rose 0.57% to Rs. 1,51,670 per 10 grams on September 16 amid a decline in oil prices and ahead of the US Federal Reserve's monetary policy decision.

The CME FedWatch Tool indicates a 92.3% probability of a 25-basis-point rate hike by the Federal Reserve later today.

US gold futures for October delivery rose to Rs. 1,51,670 per 10 grams, while September silver futures advanced 1.33% to Rs. 2,35,195.

Brent crude futures fell 0.74% to USD 107.9 per barrel, and US West Texas Intermediate (WTI) edged lower by 1.09% to USD 104.7 per barrel.

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