Gold futures were trading higher during the noon trade in the domestic market on Monday as speculators built up fresh positions in domestic markets.

Analysts said the rise in gold prices was mostly on the back of 34938.00 fresh positions built up by the participants.

At the MCX, gold futures for August 2019 contract is trading at Rs 34938.00 per 10 grams, up by 0.09 per cent, after opening at Rs 34897.00, against a previous close of Rs 34905.00. It touched the intra-day high of Rs 34948.0 (at 14:20 hours).