5 hrs ago

Gold, Silver Prices Stay Flat Ahead of Fed Decision

Gold and silver prices changed very little in Mumbai on Tuesday.

Gold was slightly higher, while silver was lower.

Investors were waiting for the US Federal Reserve to announce its monetary policy decision.

A stronger US dollar made bullion less attractive.

Higher US government bond yields also put pressure on prices.

Gold moved between Rs 1,52,424 and Rs 1,53,000 during the day.

Silver traded between Rs 2,31,612 and Rs 2,32,546.

Experts said gold would need to rise above Rs 1,54,000 to show stronger momentum.

They said silver was weaker than gold based on technical measures.

Key facts

Gold futures: October gold was at Rs 1,52,570 per 10 grams, up 0.01 per cent.
Silver futures: December silver was at Rs 2,31,750 per kg, down 0.40 per cent.
Gold intraday range: Rs 1,52,424 to Rs 1,53,000.
Silver intraday range: Rs 2,31,612 to Rs 2,32,546.
Dollar index: Rose 0.20 per cent.
10-year US Treasury yield: Briefly crossed 5 per cent, its highest level since October 2023.
Gold technical levels: Resistance was identified at Rs 1,54,000-Rs 1,54,700, with support at Rs 1,50,700-Rs 1,50,000.
Silver technical levels: Resistance was identified at Rs 2,33,000-Rs 2,34,000, with support at Rs 2,30,000-Rs 2,29,000.

thehansindia.com · 6 hrs ago