New Delhi, July 29 -- Gold and silver prices traded mixed on the MCX on Wednesday (29 July) morning, reflecting caution ahead of the US Federal Reserve's monetary policy decision.

MCX gold August contracts were 0.21% down at Rs.1,41,331 per 10 grams, while MCX silver September futures were 0.34% up at Rs.2,16,577 per kg around 9:05 AM.

The US Fed's policy decision is due today at 11:30 PM IST, while Fed Chair Kevin Warsh's comments are scheduled for 12:00 AM IST.

The US central bank is widely expected to keep interest rates unchanged today, following June inflation prints that came in below expectations. However, renewed concerns about inflation spiking due to Middle East tensions may prompt the Fed to hike rates in September and in De...