MCX Gold Falls ₹700 to ₹1.55 Lakh/10g; Silver Drops 1% Ahead of Fed Meet

Precious metals witnessed selling pressure as MCX Gold declined sharply by nearly ₹700, slipping close to ₹1.55 lakh per 10 grams, while silver prices dropped around 1 percent ahead of the crucial U.S. Federal Reserve policy meeting. Traders across global commodity markets adopted a cautious approach as interest rate expectations and macroeconomic uncertainty influenced investment decisions.