New Delhi, April 29 -- Gold price today: Gold traded lacklustre on the MCX on Wednesday (29 April) 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.

MCX gold June futures was 0.03% up at Rs.1,50,077 per 10 grams around 9:10 am. MCX silver July futures was 0.34% up at Rs.2,43,600 per kg at that time.

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

(This is a developing story. Please check back for fresh updates.)

Read all market-related...