Gold and silver prices opened lower in India on Thursday, following the latest policy announcement by the US Federal Reserve. The decision to cut interest rates strengthened the US dollar, putting pressure on precious metal prices globally.

On the Multi Commodity Exchange (MCX), gold futures dropped below Rs 1.19 lakh, opening at Rs 1,19,125 per 10 grams, compared to the previous close of Rs 1,20,666. Similarly, silver futures declined by more than 1%, opening at Rs 1,45,498 per kilogram, down from the previous session’s Rs 1,46,081.

The fall in bullion prices comes as investors adjust their portfolios after the Fed’s rate cut decision, which typically reduces the appeal of non-yielding assets like gold. Analysts expect near-term volatility in the market as traders assess the Fed’s impac

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