India Gold Futures Likely To Open Up On Weak INR

India Gold Futures Likely To Open Up On Weak INR

India’s February MCX gold futures contract is up 0.2%

India’s February MCX gold futures contract is up 0.2%

India Gold Futures Down 0.2% On Weak Global Cues

India Gold Futures Down 0.2% On Weak Global Cues

India gold futures likely tad down on strong INR

India gold futures likely tad down on strong INR
Published on 2010-04-07 09:41:59


Singapore - India MCX June gold contract likely to open slightly down on strong INR, lack of major international cues; overseas gold prices mostly flat. "But, the overall trend is likely to be positive during the session," says Kapil Gandhi, analyst at New Future Advisors. Gold sales in India started picking up on stable prices, wedding-season demand. Gandhi tips MCX contract in INR16,430-INR16,650/10 gram range; it last ended up 0.3% at INR16,556.

India gold futures 0.2% lower on firm dollar

Published on 2010-03-25 12:40:34

Singapore - India April MCX gold futures down 0.2% at INR16,260/10 grams on overseas dollar strength. "Lack of investor interest is also weighing on the sentiment," says Kapil Gandhi, analyst at New Future Advisors; tips contract in INR16,150-INR16,350 range.

India gold futures down 0.2%, may remain weak

Published on 2010-03-22 17:13:05



Singapore - India MCX April gold futures down 0.2% at INR16,471/10 grams on weak international gold prices. Comex April gold futures down 0.3%, London spot gold also 0.3% lower. "The trend may remain weak later in the session due to strength in overseas dollar," says Kapil Gandhi, analyst at New Future Advisors; tips INR16,365-INR16,550 range.

India gold futures down 0.4%; weak overseas cues

Published on 2010-03-19 12:24:08



Singapore - India MCX April gold futures down 0.4% at INR16,707/10 grams on weakness in overseas spot gold. "I don't see much movement due to a lack of direction," says Kapil Gandhi, analyst at New Future Advisors; tips to make fresh purchase at further declines; expects contract in INR16,630-INR16,780 band.

India gold futures tad higher on global cues

Published on 2010-03-10 12:32:40



Singapore - India MCX April gold futures tad higher at INR16,734/10 grams, tracking uptrend in overseas gold prices. "Overall, the trend looks good, but we could see some rangebound trade today as the rupee appreciation may impact prices," says Kapil Gandhi, analyst with New Future Advisors; tips contract in INR16,630-INR16,850 range for day.

India gold futures up 0.2%, may fall later

Published on 2010-02-17 16:37:17

Singapore - India MCX April gold futures up 0.2% at INR16,757/10 grams, but profit-taking could be seen later in session, says New Future Advisors analyst Kapil Gandhi. Comex April gold futures flat at $1,119.60/oz. Focus today will be on slew of U.S. economic data and FOMC minutes, say local traders. Gandhi tips contract in INR16,600-INR16,850 range.

India gold futures likely tad up on weak INR

Singapore - India MCX April gold futures likely to open slightly higher on weak INR, says New Future Advisors analyst, Kapil Gandhi. No major cue from overseas dollar as it's little changed; February Comex gold futures down 0.2% at $1,109.30/oz. Gandhi says contract likely to move in INR16,550-16,810/10 grams range; it last ended down 0.6% at INR16,647. Market to take further cues from U.S. jobless claims data due later today, he adds.

India Copper Futures Likely Little Changed

[Dow Jones] India MCX February copper futures likely to open little changed due to lack of major cues, says New Future Advisors analyst Kapil Gandhi. LME three-month copper up $2 at $7,378/ton. "Sideways movement is expected," says Gandhi; tips contract in INR340-INR348/kg range; it last settled 1.2% higher at INR345.20. Federal Open Market Committee meeting on interest rate decision will be watched carefully, say traders.