Gold Futures were trading higher following strength in the metal in the international markets. Gold for August delivery was trading 1.80 per cent higher at Rs 27,076. For spot gold prices in major cities click here

Silver too gained in line with gold and the MCX Gold Futures was up 1.56 per cent at Rs 40,985.

International gold prices gained to its highest level in a month on as the U.S. dollar slipped against other currencies.

Gold hit a high of $1,314.49 an ounce, its highest since June 20. Assurances from Federal Reserve officials that an accomodative monetary policy in the US would continue and threats that the stimulus in the US would not be unwound early, has aided the recovery in gold prices.

GoodReturns.in