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.
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