Gold Futures trade higher on MCX

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  Gold Futures trade higher on MCX
Gold Futures were trading higher on the MCX thanks to firm global cues. Gold for August delivery was trading higher by Rs 102 at Rs 26,703.

Silver Futures for September delivery was up by Rs 151 at Rs 41,467.

Futures prices in India have been moving in tandem with international gold prices, which have rallied this week on statements by Federal Reserve Chairman Ben Bernanke who has hinted at continued monetary easing in the US.

Spot gold rose this week and analysts believe that the rally in equities could see investors shifting to equities from Gold ETFs, which could put pressure on gold prices again.

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