Bullion futures trade higher amid volatile session

Gold futures traded in a volatile range as stronger US economic data and firm comments from Federal Reserve officials dampened the expectations of additional rate cuts, limiting gains in the precious metal.

Gold futures for December delivery rose Rs 59, or 0.05 per cent, to Rs 1,20,581 per 10 grams from the previous close of Rs 1,20,522 per 10 grams.

Silver futures for December delivery also gained Rs 103, or 0.07 per cent, to Rs 1,47,424 per kilogram as compared with Wednesday’s closing of Rs 1,47,321 per kg.

On Wednesday, commodities exchange MCX was closed in the morning session on account of Guru Nanak Dev Jayanti but later resumed operations in the evening session.