New Delhi, Sept. 18 -- Gold and silver prices on the Multi Commodity Exchange of India (MCX) declined on Thursday, tracking weakness in international bullion markets. The fall came after the US Federal Reserve delivered a widely expected quarter-point interest rate cut but adopted a more cautious stance on further easing than markets had anticipated.

The Fed signaled two more reductions this year but only one in 2026, tempering expectations of a more aggressive easing cycle next year.

Both gold and silver have witnessed a sharp rally in recent months, with domestic prices hitting record highs. Over the past year, prices of the two precious metals have surged by nearly 50%.

Recently, MCX silver rate touched a historic peak of over Rs.1,...