India, Oct. 12 -- Gold and silver prices are likely to trade in a range with a slightly positive bias next week as rupee weakness cushions domestic bullion against global fluctuations, while inflation data will shape investors' sentiment, analysts said.

Traders will track inflation readings from India, China and the US. Trade data from Beijing and speeches from Federal Reserve officials will provide cues on whether the US central bank will deliver another rate hike in October or defer it to December, they added.

"The outlook remains range-bound with a mildly positive undertone, as rupee weakness provides a cushion against global price fluctuations," Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities, said.

On ...