New Delhi, April 30 -- Gold and Silver prices today on 30 April: Gold rate rose on the MCX on Thursday (30 April) morning, mostly on value buying after the US Federal Reserve maintained policy rates. However, gains were capped as crude oil prices vaulted to levels last seen four years ago, raising inflation fears and dimming the prospects of near-term interest rate cuts.

MCX gold June futures were 0.27% up at Rs.1,49,650 per 10 grams, while MCX silver July futures were 0.73% up at Rs.2,39,980 per kg around 9:13 am.

The US Federal Reserve on 29 April kept the federal funds rate steady for the third consecutive policy at 3.5%-3.75%. This Fed policy meeting was likely the last for Fed Chair Jerome Powell, as his term expires on 15 May. The...