Gold prices today fall as US Fed cuts rate by 50 bps

Bullion counters slipped in the opening trade on Tuesday after the US Federal Reserve slashed its benchmark interest rate to cushion the economic impact from the fast-spreading coronavirus.


Gold futures dipped 0.30 per cent or Rs 130 to Rs 43,344 per 10 grams while silver futures slid 0.19 per cent or Rs 90 lower to Rs 46,28 ..

Among other precious metals, palladium fell 0.7 per cent to $2,484.64 per ounce, while platinum was up 0.9 per cent at 882.50. Silver rose 0.2 per cent to $17.21 an ounce.

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