Gold Silver Price Today: Gold slipped on MCX before US Fed policy, know today’s rate

Gold Silver Price Today : Gold and silver prices continue to fluctuate amid the ongoing war in the Middle East. Gold prices have fallen on MCX on Wednesday, March 18. Gold has softened ahead of the US Federal Reserve’s monetary policy decision. At the same time, concerns about geopolitical risks and rising inflation have protected gold from major losses. Around 11.30 am, the April futures of gold on MCX were seen at Rs 155,470 per 10 grams with a weakness of Rs 515 or 0.33 per cent. At the same time, the May futures of silver were seen at Rs 251,700 per kg with a fall of Rs 1,757 or 0.69 percent. The effect of uncertainty in the global market is directly being seen on the prices of gold and silver.

Read :- Gold- Silver Price Today: Gold is sluggish amid military conflict in the Middle East, what is the condition of silver? Know today’s rate

Gold and silver prices in domestic market
There was a slight increase in gold prices in the domestic market. According to GoodReturns website, the price of 24 carat gold rose by Rs 10 to Rs 1,58,090 per 10 grams.

The price of 22 carat gold also increased by Rs 10 and stood at Rs 1,44,910 per 10 grams. Silver prices jumped even more. The price of the metal rose by Rs 100 to Rs 2,75,100 per kg.

Investors are currently waiting for the decision of the US Federal Reserve. Any signal regarding interest rates can decide the direction of precious metals. The fear of persistent inflation is also affecting the market.

price of crude oil
Today crude oil prices have fallen. Media reports show that there has been an increase in US Crude Oil Inventories at the American Petroleum Institute. Its effect is visible on oil prices. Brent futures fell $2.31, or 2.24%, to $101.15 a barrel. While US West Texas Intermediate crude fell $3.20, or 3.21%, to $92.46.