New Delhi, April 29 -- Gold and Silver prices today on 29 April: Gold traded flat on the MCX this morning, ahead of the US Federal Reserve's monetary policy decision and Fed chair Jerome Powell's comments on the impact of a US-Iran war on economic growth and inflation. This is expected to be his final meeting as the Fed chair.

MCX gold June futures was 0.07% up at Rs.1,50,277 per 10 grams around 9:27 am. MCX silver July futures was 0.37% up at Rs.2,43,786 per kg at that time.

The US Fed is expected to keep interest rates unchanged on 29 April, as elevated crude oil prices and geopolitical tensions driven by the US-Iran conflict have raised the risk of further inflation, which is already above the central bank's target level.

The United...