Mumbai: Gold prices moved slightly higher on Wednesday as global markets waited for the US Federal Reserve’s interest rate decision, while silver continued its strong rally and touched new record levels.

According to market updates, spot gold rose modestly as investors stayed cautious ahead of the Fed’s policy announcement. Traders say any signal of future rate cuts could support gold further in the coming weeks.

Silver, however, remained the standout performer. The metal crossed the 60 dollars per ounce mark for the first time and continued to trade near its historic highs. Analysts point to tight global supplies and strong industrial demand, especially from the solar, electric vehicle and technology sectors, as key reasons for silver’s sharp rise.

In India, the impact is clearly visi

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