Gold Near Rs 1.47 Lakh, Silver Drops Awaiting Fed Rate Decision
Gold prices slightly declined to near Rs 1.47 lakh per 10 grams, while silver fell by Rs 1,144 per kg on MCX as traders awaited the US Federal Reserve's policy decision. Investors expect interest rates to stay steady in October, with a possible hike in December. Analysts note dollar strength may limit gold gains, but central bank purchases support long-term prices.
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