New Delhi, Apr 29 (BNP): Gold prices moved slightly higher in futures trade on Wednesday as investors remained cautious ahead of the US Federal Reserve’s upcoming policy decision.
On the Multi Commodity Exchange, the most-traded June gold contract rose by ₹93, or 0.06%, to ₹1,50,120 per 10 grams, with a trading volume of 9,067 lots.
Market analysts said support came from a weaker US dollar and ongoing geopolitical tensions in West Asia, which continued to encourage safe-haven buying in gold.
However, gains were limited due to higher crude oil prices, which weighed on broader commodity sentiment.
Overall, market participants are awaiting clarity from the US Fed policy outcome, which is expected to guide near-term movement in gold prices.
