Gold and silver prices climbed in the domestic futures market in the morning session on Wednesday, 16 September, amid a decline in crude oil prices and ahead of the US Fed policy decision. MCX gold October futures was 0.57% up at ₹1,51,667 per 10 grams, while MCX silver December contracts were 1.31% up at ₹2,35,159 per kg around 9:10 AM.
International gold prices also witnessed strong buying, with US gold futures for December delivery rising 1.3% to $4,381.65 per troy ounce, as a decline in oil prices eased US dollar and 10-year bond yields.
Crude oil declined about 1%, which capped the rise in the dollar index, influencing gold prices. US 10-year bond yields cooled below 4.9%, supporting gold prices.
(This is a developing story. Please check back for fresh updates.)
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