Gold futures were continuing their losses Wednesday after the Federal Reserve’s monetary policy statement turned out to be in line with investors’ expectations.

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The Federal Open Market Committee voted to continue scaling back its monthly bond purchases and presented a more upbeat assessment of the economy just hours after a stronger-than-expected US economic growth report that saw the US economy growing at a 4% rate.

At INR 45,000 ($747.01) per kilogram, Indian silver moved up 1.6 percent on Wednesday, July 30, the day’s biggest change. Japanese silver saw its price rise 0.4 percent to JPY 673.00 ($6.59) per 10 grams. The price of Chinese silver declined 0.3 percent to CNY 4,300 ($695.75) per kilogram. After a couple of days of decreasing prices, the price of US silver held steady at $20.56.

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Weakening prices followed two days of improvement as the price of Chinese gold bullion dropped 0.5 percent to CNY 258.65 ($41.85) per gram. US gold bullion closed 0.4 percent lower at $1,299 per ounce. At INR 27,898 ($463.11) per 10 grams, Indian gold bullion fell 0.1 percent yesterday. Japanese gold bullion prices inched up 0.1 percent to JPY 4,278 ($41.91) per gram.

The price of Chinese platinum bar closed at CNY 311.00 ($50.32) per gram. Following a couple days of improvement, the metal’s price weakened by 0.6 percent. Japanese platinum bar held its value yesterday at JPY 4,860 ($47.61) per gram. The price of US platinum bar remained steady at $1,474 per ounce.

After a 1.1 percent increase, Japanese palladium bar finished the day at JPY 2,933 ($28.73) per gram. US palladium bar finished the day down 0.1 percent to $876.00 per ounce. After a couple of days of improving prices, the price of Chinese palladium bar held steady at CNY 194.00 ($31.39).