Gold dips after US Fed decision, silver slips below Rs 2.45 lakh

Mumbai (The Uttam Hindu): Gold and silver prices declined during Thursday’s trading session, with gold nearing Rs 1.52 lakh per 10 grams and silver falling below Rs 2.45 lakh per kg. On the MCX, gold for April 2, 2026 was trading at Rs 1,52,072, down 0.62 percent, while silver for May 5, 2026 dropped 1.59 percent to Rs 2,44,249. During the session, gold touched a low of Rs 1,51,712 and a high of Rs 1,53,025, while silver moved between Rs 2,43,083 and Rs 2,45,387.

The weakness was also reflected in international markets, where gold slipped to around 4,850 dollars per ounce and silver to about 75.735 dollars per ounce. The decline is largely linked to the US Federal Reserve’s latest policy decision, where it kept interest rates unchanged for the second consecutive time in the range of 3.5 percent to 3.75 percent. Earlier, the Fed had reduced rates multiple times in late 2025.

Market experts say the Fed’s cautious stance reflects concerns over persistent inflation and global geopolitical tensions. Analysts noted that expectations of rate cuts have been revised down, with many officials now projecting only one cut instead of two. Rising inflation expectations, influenced by recent geopolitical conflicts and their impact on oil prices, have also added pressure on precious metal prices.