Commodity Radar: Gold plunges Rs 3,000/10 gram as investors turn cautious ahead of Fed policy. Should you sell on rise?

Gold prices fell sharply on MCX, dropping Rs 3,000 per 10 gram as investors turned cautious ahead of the US Federal Reserve policy meeting. Profit booking in global markets, rising oil prices and persistent geopolitical tensions in West Asia are keeping bullion volatile, prompting analysts to recommend a sell-on-rise trading strategy.