Gold and silver prices were lacklustre in morning trade on the MCX on Thursday, 10 September, amid caution ahead of US inflation data and the US Federal Reserve’s policy decision.
MCX gold October futures were 0.03% down at ₹1,53,710 per 10 grams, while MCX silver December futures were 0.39% down at ₹243249 per kg around 9:05 AM.
Investors’ focus is on the US producer price index data due today, and the consumer inflation prints due on Friday for further cues on the US Fed’s interest rate trajectory.
Most experts believe the US central bank may maintain a status quo on interest rates in its next policy meeting on 15-16 September.
(This is a developing story. Please check back for fresh updates.)
