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.
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