Sushil Finance expects gold, silver prices to trade on the negative note as the plans to raise U.S. interest rates sooner than expected and expectations for a stronger U.S. currency in the longer run likely to keep Bullion market under pressure.

Gold prices inched up on Monday on short-covering after a dollar rise and technical selling sent the precious metal to its weakest since early January earlier in the day.

Silver nearly erased earlier losses after falling to a four-year low. Silver prices slid to their lowest in four years on Monday, with the prospect of rising U.S. interest rates undermining precious metals and industrial commodities dented by worries over Chinese demand.

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