Gold and Silver are trading sharply higher in futures market on Monday. Gold futures went up Rs 276.00 or 1.04 percent to trade at Rs 26,800.00 per 10 gram at the Multi-Commodity Exchange (MCX). Silver futures gained Rs 381.00 or 1.06 percent to trade at Rs 36,349.00 per KG at the MCX.
Commenting on the outlook on bullion, Kedia Commodity Comtrade said, ''Gold trading range for the day is 26,331-26,685. Gold prices ended with small gains on concerns over Greece's financial woes with no deal still in sight."
"Silver trading range for the day is 35,084-36,632. Silver prices edged lower as the upbeat U.S. data continued to support the dollar and as markets continued to focus on Greek debt negotiations,'' it said.