Gold increased by Rs 100 to Rs 82100 per 10 grams; Silver stable

Silver futures for March delivery on Multi Commodity Exchange (MCX) also rose by Rs 188 or 0.21% to Rs 91,630 per kg. In global markets, Comex gold futures fell by $ 18.20 an ounce or 0.66% to $ 2,730.50 an ounce.

According to commodity experts, gold prices on Tuesday pulled back after touching the highest level since November 6 during the session and is currently trading around $2,725. US President Trump's tariff-related remarks have raised concerns related to the global trade war. Experts say that the US Federal Reserve may cut interest rates twice this year. This will limit the possibility of any meaningful decline in bullion prices.

Silver Comex futures were also seen trading 0.15% lower at $31.10 an ounce in the Asian market. Saumil Gandhi, Senior Analyst, Commodities, HDFC Securities, said, "Going forward, there will be no major economic data from the US on Tuesday, however, traders' focus will be on Trump and his next policy steps, which could create more volatility for the bullion market."

According to Manav Modi, Commodity Research Analyst at Motilal Oswal Financial Services Ltd, market participants will also keep an eye on the updates from Davos, which could increase volatility in the market. Modi said that the US market will open after the holiday, due to which there may be fluctuations in the market.