Gold and Silver Prices Drop Amid Investor Caution Ahead of Fed Meeting

Gold and silver prices dipped as investors adopted a cautious stance ahead of the US Federal Reserve's policy meeting. Gold futures on the MCX fell by 0.55%, and silver futures by 0.46%. Investor sentiment is uncertain due to a delay in the US PPI data release influencing inflation expectations.

In a shift of momentum, gold and silver prices declined in futures trading on Tuesday as cautious investors took profits ahead of the anticipated outcomes of the US Federal Reserve's critical policy meeting.

February gold futures on the Multi Commodity Exchange (MCX) dipped by Rs 718, representing a 0.55% decline. Meanwhile, silver futures marked a 0.46% fall for the March 2026 contract. The market nervously awaits the Federal Reserve's upcoming rate decision and guidance from Chair Jerome Powell.

Adding to market anxiety, the US Producer Price Index (PPI) data for October and November, initially scheduled for release this week, has been postponed to January, casting uncertainty on the inflation picture and future Federal Reserve actions.

(With inputs from agencies.)