Gold and Silver are trading higher in futures market on Friday. Gold futures rose Rs 108.00 or 0.41 percent to trade at Rs 26,502.00 per 10 gram at the Multi-Commodity Exchange (MCX). Silver futures rose Rs 168.00 or 0.48 percent to trade at Rs 34,930.00 per KG at the MCX.

Commenting on the outlook on bullion, Kedia Commodity Comtrade said, ''Gold trading range for the day is 26,142-26,762. Gold fell as the euro sank against the dollar after ECB President said the central bank will use all instruments available if needed to stimulate the economy."

"Silver trading range for the day is 34,732-36,196. Silver trimmed all its gain after the ECB held interest rates at 0.05%, while downgrading its GDP and inflation forecasts over the next two years,'' it added.