Hawkish Fed comments drag gold prices to Rs 99,258/10g, analysts still bullish on recovery

Gold prices open weaker after a hawkish Fed commentary, keeping interest rates steady at 4.25–4.50%.

Gold August futures contracts at MCX opened lower today at Rs 99,258/10 g, down by 279 or 0.28%.

Meanwhile, silver July futures contracts also opened slightly lower by Rs 256 or 0.24% at Rs 1,08,310/kg.