Gold futures opened on the higher side following a firm trend in the international markets.

In MCX, gold for August delivery was up at Rs 29,599/10 grams against yesterday's close of Rs 29,571.

It may trade in a range between Rs 29,580 and Rs 29,750 on MCX.

Rupee has depreciated to 55.52 against the dollar. This is supporting gold prices in India.

Gold in Comex was up at $1,615 a troy ounce at 11:30 a.m.

(This article was published on July 5, 2012)
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