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Gold and silver futures ended in the green in the previous session. While gold rose 0.13%, silver futures fell 0.91%, at the close on Tuesday. On the Comex, Gold futures were trading at $1,964.20 per troy ounce on Wednesday, up $0.50 or 0.03% while Silver futures trading at $24.750, up $0.074 or 0.30%.
Praveen Singh – Associate Vice President, Fundamental Currencies and Commodities at Sharekhan expects gold to remain largely range-bound ahead of the US Federal Reserve monetary policy decision.