Gold Price Today: The yellow metal rate opened higher on India's MCX on Thursday, April 30 as tensions between US-Iran escalate, while US Federal Reserve keeps interest rates unchanged.
At 9:09 am on Thursday, the MCX gold May futures contract rose 0.34% to Rs 1,47,950 per 10 grams, while the MCX silver May futures were 0.44% higher at Rs 2,34,228 per kg.
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On Wednesday, the MCX gold May futures closed flat at Rs 1,47,555 per 10 grams, while the MCX silver May futures ended 0.15% lower to Rs 2,32,851 per kg.
Globally, gold recovered after a three-day loss, as some dip buying emerged despite a split Federal Reserve decision to keep US interest rates steady. The precioys metal rose up to 0.7% to above $4,580 an ounce, having fallen 3.4% over the previous three sessions, Bloomberg reported.
The Federal Reserve's decision to hold interest rates steady was expected, with a split dissent from several policymakers, who objected to language in the post-meeting statement that suggested the central bank would eventually resume lowering rates.
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