MUMBAI: India's gold futures were higher on Monday as overseas markets rebounded after a sharp sell off on Friday, but analysts had mixed views about the trend for the day, reports Reuters .

Gold may take support from crude oil that is the supportive factor for the day, said Debjyoti Chatterjee, associate vice president at MAPE ADMISI Commodity Research.

Gold generally moves in tandem with crude oil as the latter signals inflation, while the metal douses it. Gold looks bearish as the dollar is rebounding, said Amrut Deshmukh, senior technical analyst at Way 2 Wealth Securities Ltd, referring to the usually inverse relation gold has with the dollar.

India Crude oil Inflation Gold