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Gold rate up on MCX after US Fed hold rates steady; a sharp jump in crude oil prices raises inflation fears

Published on 30/04/2026 09:04 AM

Gold price today: Gold rate rose on the MCX on Thursday (30 April) morning, mostly on value buying after the US Federal Reserve maintained policy rates. However, gains were capped as crude oil prices vaulted to levels last seen four years ago, raising inflation fears and dimming the prospects of near-term interest rate cuts.

MCX gold June futures were 0.25% up at ₹1,49,420 per 10 grams, while MCX silver July futures were 0.71% up at ₹2,39,950 per kg around 9:05 am.

(This is a developing story. Please check back for fresh updates.)

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stories by Nishant Kumar

Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.

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