Gold futures fall ahead of Fed policy meet

Gold price fell by Rs 256 to Rs 1.55 lakh per 10 grams in futures trade amid volatility, as investors remained cautious ahead of the US Federal Reserve’s monetary policy decision.

On the Multi Commodity Exchange (MCX), gold for April delivery decreased by 0.16 per centin 7,734 lots.

In the international markets, the gold futures for the April contract were trading marginally higher at $5,013.01 per ounce on the Comex.

Silver prices edged lower by Rs 213 to Rs 2.52 lakh per kilogram in futures trade, tracking muted global trends and cautious investor sentiment ahead of key monetary policy decisions.

The white metal for May delivery slipped 0.08 per cent in 5,857 lots.