Gold prices today edged higher in Indian markets, after some G7 countries moved to ban imports of Russian gold. On MCX, gold futures rose 0.4% to ₹50814 per 10 gram while silver jumped 0.9% to ₹60927 per kg. In global markets, spot gold prices rose 0.5% to $1,835.58 per ounce. Analysts say that the G7 import ban on Russian gold seems to be providing some short-term support to bullion. Four of the Group of Seven (G7) rich nations moved to ban imports of Russian gold on Sunday to tighten the sanction squeeze on Moscow and cut off its means of financing the invasion of Ukraine.