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)