Gold Metal Rises as US Fed will not raise rates; MCX silver also up

After US Federal Reserve Chairman Jerome Powell vowed not to raise interest rates too quickly, supported by positive global clues, India's gold price rose on Wednesday. On multiple commodity exchanges, August gold futures traded at 80 rupees, or 0.17%, to 47,091 rupees per 10 grams, compared with the previous day’s closing price of 47,011 rupees.