New Delhi, July 1 -- Gold and silver prices traded higher in Wednesday's session, 1 July, after posting their worst quarterly performance in years. Sentiment improved as fears of an imminent US Federal Reserve rate hike eased following weaker-than-expected US jobs data and comments from Federal Reserve Chair Kevin Warsh.

A weaker US dollar also supported the rebound. Comex gold futures climbed $93 per troy ounce to an intraday high of $4,131, while silver futures advanced $1.62 per troy ounce to $61.54.

Both precious metals have witnessed sharp volatility in recent months as markets increasingly priced in the possibility of a US Federal Reserve rate hike this year after consumer inflation accelerated to a three-year high in May. Several...