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.