Thursday, March 25, 2010

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.

Monday, March 22, 2010

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.

Friday, March 19, 2010

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.

Wednesday, March 10, 2010

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.