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Gold price today: MCX Gold rates climb despite US Fed's rate pause; what should investors do?

Gold price today: Gold rates increased in the domestic futures market on January 30, despite weak global signals and the US Fed's decision to maintain benchmark interest rates at 4.25-4.50%.

Gold price today: Gold rates rose in the morning trade in the domestic futures market on Thursday, January 30, despite weak global cues and the US Fed's decision to keep benchmark interest rates unchanged at 4.25-4.50 per cent.

Higher interest rates are considered negative for gold prices as they weigh on the appeal of non-yielding bullion. MCX Gold for April 4 expiry traded 0.16 per cent up at ₹ 81,007 per 10 grams around 9:15 AM.

The US Federal Reserve , after a two-day Federal Open Market Committee (FOMC) meeting, left the benchmark interest rate steady at 4.25-4.50 per cent on January 29.

The decision comes after US Fed chair Jerome Powell-led rate-setting panel last cut rates for three straight meetings after kicking off its policy easing cycle in September 2024 for the first time in four years. Gold prices saw little movement in international markets after the Federal Reserve's policy decision. More to come.

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