Gold & Silver Prices Poised for Gains Amid Fed Decision, Strong Demand

• Gold prices are expected to remain positive, driven by anticipation of the US Federal Reserve's monetary policy decision and a weaker rupee.
• Analysts foresee potential interest rate cuts and sustained central bank gold purchases as key factors supporting gold's upward trend.
• Indian MCX gold futures appreciated significantly, outperforming global prices due to the depreciation of the rupee against the dollar.
• Silver prices also surged, reaching new record highs on both domestic and international markets, fueled by strong industrial demand and tight supplies.
• Upcoming crucial factors for bullion prices include Fed's monetary policy cues, macroeconomic data from China and the US, and rupee trends.

Why It Matters: Gold and silver prices may rise, impacting your investments.