New Delhi, Sept. 15 -- Gold and silver prices were rangebound in morning trade on the MCX on Tuesday, 15 September, amid a rise in the US dollar and bond yields ahead of the monetary policy decisions of the US Federal Reserve.

MCX gold October futures were 0.15% up at Rs.1,51,450 per 10 grams, while MCX silver December futures were 0.09% down at Rs.2,32,480 per kg around 9:10 PM.

The dollar index climbed by 0.20%, while 10-year bond yields topped 5%, eroding gold's safe-haven appeal.

The rise in dollar and bond yields can be attributed to the expectations of rate hikes by the US Federal Reserve.

The Fed will announce its policy decision at 11:30 PM IST (India Standard Time) on Wednesday, following a two-day meeting.

Most experts beli...