Gold Rate Today: Gold prices in India remain steady. Check price of yellow metal in Delhi, Ahmedabad, and other Indian cities

Gold and silver futures were trading flat in Wednesday’s opening session on the MCX due to the dollar’s strength and the cautious attitude of investors before the US Federal Reserve Chairman Jerome Powell’s testimony. Powell’s semi-annual monetary policy report is expected to focus on the need for further interest rate increases amid hawkish remarks from policymakers. The market may face some pressure, and gold is expected to be rangebound with a slight bearish tilt ahead of the testimony. Investors are interested in knowing Powell’s take on the monetary policy path moving forward.