Gold rate today: Gold, silver down ahead of US Fed policy outcome

Gold and silver were trading marginally in red in early trade on Wednesday as investors awaited cues of the US Federal Reserve's two-day meeting, where policymakers are expected to raise interest rates for the third time this year.

MCX Gold was trading 0.10 per cent down at Rs 30,785 per 10 gram at around 10.15 am (IST), while MCX Silver was down 0.03 per cent at 38,230 at around the same time.

The US Federal Reserve will end its two-day policy meeting later on Wednesday at which it is expected to raise interest rates for the eighth time since late 2015.