Gold price today, April 30 -- 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 0.25% up at Rs.1,49,420 per 10 grams, while MCX silver July futures were 0.71% up at Rs.2,39,950 per kg around 9:05 am.

The US Federal Reserve on 29 April kept the federal funds rate steady for the third consecutive policy at 3.5%-3.75%. The central bank underscored that inflation risks have increased due to higher energy prices driven by the West Asian conflict.

Fed Chair Jer...