Gold, silver prices rise on MCX ahead of US Fed decision

Gold futures for October expiry rose ₹942 to ₹1,51,751 per 10 grams on Wednesday, according to Multi Commodity Exchange (MCX) data. Meanwhile, silver futures for December expiry gained ₹3,082 to ₹2,35,200 per kg around 2 pm. The surge came ahead of the US Federal Reserve's interest rate decision, with market experts expecting a rate hike.