Gold futures gained in noon trade on Monday. February 2012 gold futures at the MCX were trading up 0.08% at Rs 30,721 per 10 grams at 12.39 p.m. after hitting high of Rs 30,760. It opened at Rs 30,707.
Commenting on the outlook, Emkay Commodity Research said, ''Gold is expected to go down due to thin volumes during year- end holidays and as investors also await the decision on fiscal cliff. Gold in India is expected to follow international prices.''