Gold price today: Gold prices traded lower in the domestic futures market on Thursday (June 19) morning after the US Federal Reserve kept interest rates unchanged and offered no clarity on when rate cuts might begin. Around 9:15 AM, MCX Gold August 5 contracts traded 0.30 per cent down at ₹99,239 per 10 grams.
On expected lines, the US Federal Open Market Committee (FOMC) decided on 18 June 2025 to keep the benchmark interest rates unchanged at 4.25 per cent to 4.5 per cent.
The US Fed’s ‘dot plot’ chart projections show key benchmark interest rates may come down by 50 basis points (bps) in 2025.
However, there are clouds of uncertainty over the path of interest rates as Fed Chair Jerome Powell said inflation may accelerate over the summer due to President Donald Trump’s tariff policies. Powell also cautioned that the Fed’s interest rate forecasts could change based on incoming data, especially on inflation.
(This is a developing story. Please check back for fresh updates.)
