India, July 16 -- Gold prices increased modestly on Wednesday as trade uncertainty prevails in the backdrop of inflation data from US.
Front Month Comex Gold for July delivery climbed $22.70 (or 0.68%) to $3,352.50 per troy ounce today.
Front Month Comex Silver for July delivery inched up 1.90 cents (or 0.05%) to $37.853 per troy ounce today.
On the data front, the Labor Department said its producer price index for final demand was unchanged in June after rising by an upwardly revised 0.3% in May.
Economists had expected producer prices to increase by 0.2% compared to the 0.1% uptick originally reported for the previous month.
The report also said the annual rate of producer price growth slowed to 2.3% in June from an upwardly revised ...