Gold futures are trading lower in early trade on Monday. April 2013 gold futures at the MCX were trading down 0.09% at Rs 29,577 per 10 grams at 10.22 am after hitting high of Rs 29,586. It opened at Rs 29,579.
April 2013 gold futures at COMEX were up USD 10.2 or 0.65% to USD 1582.8/t oz. Meanwhile, in the spot markets, gold was up USD 2.86 or 0.17% to USD 1583.9/t oz. at 10.26 am.
Commenting on the outlook, Emkay Commodity Research said, ''Gold prices are expected to go higher today as uncertainty over Italian elections can increase safe haven appeal of gold. Gold in India is also looking higher today as weaker rupee can support the prices along with international price pressure.''
