Gold and Silver are trading higher in futures market on Friday. Gold futures rose Rs 62.00 or 0.23 percent to trade at Rs 27,170.00 per 10 gram at the Multi-Commodity Exchange (MCX). Silver futures gained Rs 64.00 or 0.16 percent to trade at Rs 39,230.00 per KG at the MCX.
Commenting on the outlook on bullion, Kedia Commodity Comtrade said, ''Gold trading range for the day is 26,943-27,401. Gold fell as the dollar cut losses on U.S. data that showed growing economic momentum.
Silver trading range for the day is 38,671-39,703. Silver dropped amid downbeat economic data the U.S, Europe and China, as metal traders digested release of Fed's April meeting.''