Gold Falls Again, Silver Rises as Fed Meeting Looms

• Gold prices in India declined for the second consecutive day, influenced by the upcoming US Federal Reserve monetary policy announcement.
• Over two days, 24-carat gold in Delhi fell by ₹990 per 10 grams, while 22-carat gold dropped by ₹910 per 10 grams.
• Silver prices in Delhi rose for the second consecutive day, increasing by ₹1100 per kg over two days, reaching ₹1,90,100 per kg today.
• Anticipated interest rate cuts by the US Fed could boost gold prices, making it a more attractive safe-haven asset.
• Key factors influencing bullion markets this week include Fed policy signals, China/US economic data, and the Rupee-Dollar exchange rate.

Why It Matters: US Fed policy and economic data are causing gold/silver price volatility for investors.