Gold prices steady at Rs 1.52 lakh/10 grams, silver down 3,300/kg ahead of US Fed decision.

Gold prices on MCX remained steady at Rs 1.52 lakh/10 grams, while silver futures declined Rs 1,011 to Rs 2,31,679 per kg over two days. Investors await the US Federal Reserve's policy decision, expected to raise the benchmark rate by 25 basis points to 3.75%-4.00%. Higher interest rates reduce gold's appeal by increasing the opportunity cost of holding non-yielding bullion. US consumer prices accelerated in August, and a key measure of underlying inflation recorded its biggest increase in four months.