New Delhi, July 30 -- Gold and silver prices were volatile on the MCX on Thursday (30 July) morning amid an uptick in the US dollar and 10-year bond yields after the US Federal Reserve maintained rates steady.

MCX gold August futures were almost flat at Rs.1,41,856 per 10 grams, while MCX silver September futures were 0.51% down at Rs.2,16,376 per kg around 9:05 AM.

The US Fed kept the federal funds rate steady in a target range between 3.5% and 3.75% for the fifth consecutive policy on 29 July. However, three of the 12 policymakers dissented with a unified view of hiking rates by 25 basis points.

Chairman Kevin Warsh reiterated the central bank's commitment to bring inflation back to the 2% target.

Market participants see a chance of...