Published on Tue, Nov 24, 2009 at 11:00 | Source : Reuters
Updated at Tue, Nov 24, 2009 at 11:17
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India gold futures may ease from record
India gold futures may ease from their record highs on Tuesday, weighed by profit-taking after rising about 10% since the start of the month, analysts said.
India's copper futures may open slightly higher taking support from a weaker rupee, making the dollar-quoted asset expensive, analysts said.
The most-traded November contract on the Multi Commodity Exchange of India (MCX) ended 0.3% lower at Rs 321.50 per kg.
November copper may open at Rs 322/322.50, said Murukesh Kumar, senior research analyst with JRG Wealth Management.
The Indian rupee fell on Tuesday on the back of losses in most Asian shares and currencies.
"Markets would also await the US GDP data, range seen is Rs 317-325," said Kumar.
November zinc contract closed 0.1% lower at Rs 104.55 per kg, while lead for November delivery ended 0.4% higher at Rs 110.10 per kg in the previous session.
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