21:09
(IST), Apr, 30
Gold, Silver Rate Today Live Updates: Gold, silver rates rise as Fed holds rates, signals hawkish pause
Analysts said precious metals gained in global markets after the US Fed maintained a status quo on rates for the third straight meeting, supporting domestic metal prices.
In the overseas market, Comex silver futures for June gained USD 1.79, or 2.49 per cent, to USD 73.88 per ounce in New York.
The US central bank said, "In support of its goals, the committee decided to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 per cent.
Umesh Sharma, CIO- Debt at The Wealth Company, said the Federal Open Market Committee delivered a widely expected hawkish pause, keeping the policy rate unchanged while reinforcing its inflation-first stance.
He said the decision suggests policymakers remain concerned over stalled disinflation and upside risks arising from factors such as energy prices.