Gold futures on the Multi Commodity Exchange opened higher at Rs 31,460 per 10 grams on Friday against the previous close of Rs 31,456.

December contract recorded a high of Rs 31,517 and low of Rs 31,444. It was trading higher at Rs 31,495 at 12.25 pm.

In Comex, gold was down marginally by $1.4 at $1,712 a troy ounce.

Despite weak trend in the global markets, gold futures has been holding fort in India due to rupee depreciation against dollar in the currency futures market.

comment COMMENT NOW