Gold futures are trading slightly higher in early trade on Thursday. April 2013 gold futures at the MCX were trading up 0.02% at Rs 30,711 per 10 grams at 10.46 am after hitting high of Rs 30,727. It opened at Rs 30,721.
April 2013 gold futures at COMEX were up USD 1.20 or 0.07% to USD 1679/t oz. Meanwhile, in the spot markets, gold was up USD 2.5 or 0.15% to USD 1680.07/t oz. at 10.54 am.
Commenting on the outlook, Emkay Commodity Research said, ''Gold prices are expected to move in a range through the day. However, a downside could be seen after the ECB press conference if the economic outlook for Euro zone remains positive and unchanged interest rates can also hurt prices.''