Gold and silver prices edged lower Wednesday as investors adopted a cautious stance ahead of the Federal Reserve's critical policy decision. Gold declined 0.2% on the MCX while silver fell 0.8%, trading in narrow ranges. Spot gold slipped to $4,984.29 globally. Geopolitical tensions from Iran-Israel conflicts and disruptions in the Strait of Hormuz maintained safe-haven demand and kept oil above $100, yet higher interest rate expectations capped precious metal gains. Market participants remain in wait-and-watch mode, with silver support at Rs 2,47,000-2,50,000 and gold consolidating near Rs 1,55,000. The Fed's upcoming announcement will likely determine the next directional move for these commodities.
