Chennai, April 5 : Gold prices went up slightly on Wednesday, with spot prices at Comex up by 0.05 per cent at $2,023/ounce, said an analyst.

Gold June futures contracts at MCX were trading down by 0.10 per cent at Rs 60,895 per 10 grams by noon.

According to Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities, gold prices were steady after a sharp rally in the previous session.

Comex spot gold prices surged more than 1.80 per cent at $2,025 per ounce on Tuesday at the highest level since March 2022 while domestic market gold prices in MCX crossed Rs 61,000 a fresh life time high on back of lower than estimated US Jolts job opening data, Gandhi said.

US job openings pointed to a slowdown in the labour market, fueled expectations that the Fed may not need to raise rates much further and could even pause the tightening cycle. Traders now see a 56.9 per cent probability the Fed will leave the fed funds rate steady next month.

"We expect gold prices' bullish momentum will likely to continue and Comex spot gold price should retest $2,065 per ounce level in the short term," Gandhi said.