Gold and Silver are trading in a subdued manner in futures market on Wednesday. Gold futures fell Rs 7 or 0.03 percent to trade at Rs 27,187 per 10 gram at the Multi-Commodity Exchange (MCX). Silver futures rose Rs 154.00 or 0.42 percent to trade at Rs 36,881 per kg at the MCX.

Sushil Finance expects gold prices to trade negative on the back of US interest rate outlook. Gold was little changed on Tuesday, in a choppy session that took prices back below USD 1,200 an ounce as the dollar came off its lows and traders worried the U.S. Federal Reserve may remove the phrase ''considerable time'' before raising interest rates.