Gold and silver prices were mixed today in Indian markets, tracking flat global rates. On MCX, gold futures dipped 0.1 per cent to Rs 48,846 per 10 gram while silver gained 0.5 per cent to Rs 65,760 per kg. In the previous session, gold had finished 0.36 per cent higher, after hitting the lowest level in over a month, while silver had advanced 1 per cent. In global markets, gold rates today inched higher as traders awaited comments from Treasury Secretary nominee Janet Yellen on the dollar and stimulus. Spot gold rose 0.1 per cent to $1,838.51 per ounce after prices dipped to over one-month low in the previous session.

US Treasury Secretary nominee Janet Yellen will testify today on Capitol Hill a day ahead of Joe Biden’s inauguration as president. Last week, Biden had outlined a $1.9 trillion stimulus package proposal to jump-start the virus-stricken economy.