Mon Dec 28, 2009 10:59am IST
MUMBAI, Dec 28 (Reuters) - India's gold futures opened slightly higher in early trade on Monday tracking international cues, analysts said.
The benchmark February gold MAUG0 on the MCX was at 16,894 rupees per 10 grams, up 0.42 percent at 10:57 a.m.
International gold inched higher on Monday in light trading as many investors stayed on the sidelines after U.S. and European markets were closed late last week for Christmas. See [ID:nSGE5BM005]
"Gold prices look attractive at these levels," said Kapil Gandhi of New Futures Advisors.
Analysts said technically February contract has breached 18,600 resistance levels and is likely to test 16,920-16,970 levels during the session.
Financial planner, Mutual fund, Investment advisory
Sunday, December 27, 2009
Thursday, December 24, 2009
India gold futures up 1% on strong global cues
Published on 2009-12-24 16:46:11
Singapore - India MCX February gold futures up 1% at INR16,795/10 grams on strong overseas cues, says Kapil Gandhi, investment advisor at New Future Advisors. International spot gold up USD15.62 at USD1,103.62/oz. "I see gold trading on the higher side later in the session as the dollar is weakening," says Gandhi; expects contract in INR16,640-INR16,880 range.
Singapore - India MCX February gold futures up 1% at INR16,795/10 grams on strong overseas cues, says Kapil Gandhi, investment advisor at New Future Advisors. International spot gold up USD15.62 at USD1,103.62/oz. "I see gold trading on the higher side later in the session as the dollar is weakening," says Gandhi; expects contract in INR16,640-INR16,880 range.
Wednesday, December 23, 2009
India gold futures down 0.5% on weak global cues
Published on 2009-12-23 16:57:32
Singapore - India February MCX gold futures down 0.5% at INR16,525/10 grams, tracking weak international cues, says Kapil Gandhi, investment advisor at New Future Advisors. February Comex gold futures down USD4.70 at USD1,082/oz. Gandhi says strengthening overseas dollar also seems to be impacting sentiment; expects contract to trade in INR16,400-INR16,680 range.
Singapore - India February MCX gold futures down 0.5% at INR16,525/10 grams, tracking weak international cues, says Kapil Gandhi, investment advisor at New Future Advisors. February Comex gold futures down USD4.70 at USD1,082/oz. Gandhi says strengthening overseas dollar also seems to be impacting sentiment; expects contract to trade in INR16,400-INR16,680 range.
Tuesday, December 22, 2009
India gold slightly lower on dollar, profit-taking
Wed Dec 23, 2009 11:04am
MUMBAI, Dec 23 (Reuters) - India's gold futures were slightly lower in early trade on Wednesday as traders were cautious tracking a firm dollar and on profit booking ahead of Christmas holidays, analysts said.
At 10:56 a.m, the benchmark February gold MAUG0 on the MCX was 0.30 percent lower at 16,550 rupees per 10 grams.
"Traders and investors are booking profits before going to long weekends...dollar strength is also weighing," said Kapil Gandhi an analyst with Mumbai-based New Future Advisors.
A firm dollar takes shine from gold as an investment asset, analysts said.
International gold edged higher on Wednesday as bargain hunters resurfaced after the price dropped to its weakest in seven weeks the previous day, but a firmer U.S. dollar was likely to cap gains.
MUMBAI, Dec 23 (Reuters) - India's gold futures were slightly lower in early trade on Wednesday as traders were cautious tracking a firm dollar and on profit booking ahead of Christmas holidays, analysts said.
At 10:56 a.m, the benchmark February gold MAUG0 on the MCX was 0.30 percent lower at 16,550 rupees per 10 grams.
"Traders and investors are booking profits before going to long weekends...dollar strength is also weighing," said Kapil Gandhi an analyst with Mumbai-based New Future Advisors.
A firm dollar takes shine from gold as an investment asset, analysts said.
International gold edged higher on Wednesday as bargain hunters resurfaced after the price dropped to its weakest in seven weeks the previous day, but a firmer U.S. dollar was likely to cap gains.
India gold futures little changed
Published on 2009-12-22 17:15:08
Singapore - India February MCX gold futures little changed at INR16,690/10 grams; in INR16,653-INR16,714 range. Trading lackluster due to holiday season, say analysts. February Comex gold futures flat at USD1,095.80/oz. "Investors and traders have booked profits and are now closely watching for any new trends to catch," says Kapil Gandhi, investment advisor at New Future Advisors; expects contract in INR16,580-INR16,800 range.
Singapore - India February MCX gold futures little changed at INR16,690/10 grams; in INR16,653-INR16,714 range. Trading lackluster due to holiday season, say analysts. February Comex gold futures flat at USD1,095.80/oz. "Investors and traders have booked profits and are now closely watching for any new trends to catch," says Kapil Gandhi, investment advisor at New Future Advisors; expects contract in INR16,580-INR16,800 range.
Monday, December 21, 2009
India gold futures flat, may gain later
Published on 2009-12-21 17:16:58
Singapore - India February MCX gold futures little changed at INR16,964/10 grams, but may gain later, says Kapil Gandhi, investment advisor at New Future Advisors. Contract earlier hit INR16,980 high. "The dollar's weakness could give some support," says Gandhi; adds, slight correction has given good buying opportunity.
Singapore - India February MCX gold futures little changed at INR16,964/10 grams, but may gain later, says Kapil Gandhi, investment advisor at New Future Advisors. Contract earlier hit INR16,980 high. "The dollar's weakness could give some support," says Gandhi; adds, slight correction has given good buying opportunity.
Friday, December 18, 2009
India Gold Futures Down 0.2% On Profit-Taking
0753 GMT [Dow Jones] India February MCX gold futures down 0.2% at INR17,138/10 grams on profit-taking after rising nearly 1% yesterday. Weakness in overseas gold markets also spilling onto domestic markets. "I don't see that much fall in near term. Dollar weakness will help gold prices to move ahead," says
Kapil Gandhi of New Future Advisors;tips contract in INR17,060-INR17,240 range for day. (SWA)
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