India, March 18 -- Gold prices declined by Rs 256 to Rs 1.55 lakh per 10 grams in futures trade on Wednesday, as investors turned cautious ahead of the US Federal Reserve's monetary policy decision.
On the Multi Commodity Exchange (MCX), gold contracts for April delivery fell by Rs 256, or 0.16 per cent, to Rs 1,55,729 per 10 grams, with a business turnover of 7,734 lots.
Market participants remained watchful as they assessed the impact of volatile crude oil prices on inflation ahead of the Fed's policy outcome, said Jigar Trivedi, Senior Research Analyst at IndusInd Securities.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....