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Gold slips Rs 256 ahead of US Fed decision amid market volatility

Gold prices fell by Rs 256 to Rs 1.55 lakh per 10 grams in futures trade as investors remained cautious ahead of the US Federal Reserve’s policy decision. Volatility in oil prices, ongoing geopolitical tensions involving the US, Israel and Iran, and uncertainty over inflation have created mixed signals for the bullion market

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Gold under pressure amid oil price swings and Fed rate uncertainty. Representational Image

Gold under pressure amid oil price swings and Fed rate uncertainty. Representational Image

Gold price fell by Rs 256 to Rs 1.55 lakh per 10 grams in futures trade on Wednesday amid volatility, as investors remained cautious ahead of the US Federal Reserve's monetary policy decision.

On the Multi Commodity Exchange (MCX), gold for April delivery decreased by Rs 256, or 0.16 per cent, to Rs 1,55,729 per 10 grams in a business turnover of 7,734 lots. Gold prices remained under pressure as investors continued to assess the impact of fluctuating oil prices on inflation ahead of the Federal Reserve's monetary policy decision, Jigar Trivedi, Senior Research Analyst at IndusInd Securities, said.

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