Gold hovers near Rs 1.29 lakh as investors stay cautious ahead of US Fed rate decision

Market activity remained subdued as domestic gold and silver prices traded in a narrow range while investors awaited the US Federal Reserve’s interest rate decision. As of 10:40 am, gold slipped 0.3 percent to ₹1,29,585 per 10 grams, while silver inched up 0.2 percent to ₹1,82,070 per kilogram. Analysts said the lack of clear direction reflects uncertainty ahead of the policy outcome. A weaker rupee, which closed at 90.09 against the dollar, offered support to local gold prices.