Gold prices rose today, buoyed by a softer U.S. dollar, though prices were range-bound as investors were cautious ahead of the U.S. Federal Reserve’s policy decision later in the day, where Fed is expected to raise interest rates by 75 basis points.

Markets inched lower and lost nearly a percent amid mixed cues.

Gold prices are stuck in a tight range as investors refrained from taking big positions ahead of a possible U.S. interest rate hike, while a renewed uptick in the dollar index is weighing on prices.

Markets shed over half a percent in a volatile trading session, taking a breather after the recent surge.

Gold prices are seen trading firm mainly because of the weakening dollar and decline in the US treasury yields.

Markets extended gains and rose over half a percent, in continuation of the prevailing trend.

The market resumed its recovery phase after the muted close last week and gained over 4%.

Gold prices are trading firm as the growing threat of inflation had prompted the European Central Bank to raise interest rates by 50 basis points.

Markets managed to gain half a percent amid volatility on a weekly expiry day.

Domestic gold prices slipped below the 15-month low mark today, while prices hit a one-year low in international markets.