Gold prices rise Rs 1,100/10 gram; silver up Rs 1,050/kg ahead of inflation data. Key levels to track

Gold and silver prices rebounded on the MCX on Wednesday, snapping a three-day losing streak as investors awaited US inflation data and the Federal Reserve’s policy cues. Expectations of higher interest rates continued to weigh on bullion demand. Traders are also tracking the US nonfarm payrolls report, while analysts advise caution amid market volatility and outline key support and resistance levels for gold and silver.