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Comex Gold futures were trading at $2,036.40 per troy ounce on Wednesday, up by $3.40 or 0.17% while Silver futures were trading at $23.170, lower by $0.079 or 0.340%.
US inflation data is expected to show a mild pick-up in December, which, coupled with the strong non-farm payrolls data, gives the US Fed more headroom to keep rates higher for longer
Comex Gold futures were trading at $2,039.60 per troy ounce on Tuesday, up by $6.10 or 0.30% while Silver futures were trading at $23.335, lower by $0.025 or 0.110%.
While the market breadth remained marginally skewed in favour of the bulls with 27 stocks in Nifty trading in the green, several heavy-weights pared-off morning gains. The top gainers were Hero MotoCorp, Adani Ports, SBI Life Insurance Company, Apollo Hospitals and Adani Enterprises while biggest laggards included Britannia Industries, Bajaj Finserv, Nestle India, HDFC Life and Asian Paints.
Taking cues from the international market, MCX February gold futures were trading with a negative bias in the opening trade. They were hovering around Rs 62,358 per 10 grams around 11 am, down Rs 199 or 0.32% from Friday's closing price. Meanwhile, the March Silver futures were trading at Rs 72,285 per kg, down Rs 302 or 0.42%.