Gold February futures opened flat at Rs 78,230/10 gram, while silver March futures dropped to Rs 90,240/kg. Gold has risen by Rs 1,200/10 grams in a month, while silver fell by Rs 940/kg. Prices slipped due to stronger US job data, the dollar index, and inflation concerns. Analysts expect volatility ahead of US inflation data.Gold February futures contracts at MCX opened flat on Tuesday at Rs 78,230/10 gram, which is down by 0.08% or Rs 64 while silver March futures contracts were trading at Rs 90,240/kg, down by 0.3% or Rs 273.Despite volatility in the market, gold prices have risen by nearly Rs 1,200/10 grams in the last one month, however, silver prices have fallen by Rs 940/kg in the same period.On Monday, gold and silver settled on a weaker note in the domestic and international markets. Gold February futures contract settled at Rs 78,166 per 10 grams with a loss of 0.33% and silver March futures contract settled at Rs 90,513 per kilogram with a loss of 2.15%.Gold and silver prices slipped from one month high in the international markets amid late reactions to the strong US job data and strength in the dollar index. The dollar index and US bond yields are showing strong gains amid uncertainty in the global financial markets and limited gains of precious metals.
