Gold and silver prices traded higher on Monday, supported by value buying after the US dollar eased slightly, although elevated crude oil prices kept investors cautious amid expectations of another US Federal Reserve rate hike. 

On the Multi Commodity Exchange (MCX), gold futures for August delivery rose as much as 0.52 per cent or Rs 743 to hit an intraday high of Rs 1,41,649 per 10 grams at 11:45 am.