The gold prices in India today stood at Rs 1,21,040 on Thursday after Federal Reserve Chair Jerome Powell indicated that a pause on rate cuts in December cannot be ruled out (Photographer: Vijay Sartape/NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The gold prices in India today stood at Rs 1,21,040 on Thursday after Federal Reserve Chair Jerome Powell indicated that a pause on rate cuts in December cannot be ruled out. The rates had dipped to Rs 1,19,930 on Wednesday.

Delivering on the expectations, the monetary policy authority trimmed the overnight lending rates 3.75–4% to 4–4.25%. After trading in the green for most of the day, the US spot gold slipped around 0.9% to $3,915.23 an ounce, as Powell made it clear that the Fed is yet to decide on delivering

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