MCX Gold Prices Hold Steady as Silver Falls Ahead of US Fed Decision

Gold prices on the Multi Commodity Exchange (MCX) remained steady, but silver futures declined in value ahead of the US Federal Reserve's policy decision. The MCX silver price for September 2026 delivery fell by Rs 1,011 to Rs 2,31,679 per kg over two days.

The US central bank is expected to raise its benchmark rate by 25 basis points to a range of 3.75%-4.00%. Higher interest rates tend to reduce gold's appeal as investors seek higher-yielding assets.

Gold futures for October 2026 delivery held steady, up Rs 20 to Rs 1,52,608 per 10 grams. Spot gold was little changed at $4,300.96 per ounce after touching its lowest level since August 7 on Monday.