New Delhi, Dec. 10 -- Gold prices in India remained steady on Wednesday, December 10, trading in a narrow range as market participants awaited a Federal Reserve interest-rate cut later in the day while seeking clearer guidance on the policy path through 2026.

The February futures contract on MCX opened higher at Rs.1,30,339 per 10 grams, compared to the previous close of Rs.1,30,107.

By 8:00 PM IST, MCX gold was trading Rs.306, or 0.24% lower, at Rs.1,29,760 per 10 grams. The spot gold price overseas also traded in a narrow range, declining 0.19% to $4,119 per ounce.

The Fed is widely expected to announce on Wednesday a rate cut, but investors expect policymakers to remain divided. Some policymakers have warned that price pressures cou...