Gold futures slightly gained in early trade on Tuesday. February 2012 gold futures at the MCX were trading up 0.03% at Rs 30,748 per 10 grams at 10.13 am after hitting high of Rs 30,780. It opened at Rs 30,769.
February gold futures at COMEX were up USD 1 or 0.06% to USD 1670.4/t oz. Meanwhile, in the spot markets, gold was up USD 3.05 or 0.18% to USD 1670.85/ t oz. at 10.24 am.
''Gold is expected to move in a positive range as investors wait to get better clues to the health of the global economy and the direction of central banks' monetary policies. Gold in India is expected to go up as the harvest festival is likely to boost demand from the rural sector. However, a stronger rupee can limit the upside.''