India gold seen gaining past 2-month high
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India gold futures are likely to extend gains to their highest level in more than two months, following a similar trend overseas, though a stronger rupee could limit the upside in prices, analysts said.
The most-traded gold for April delivery on the Multi Commodity Exchange (MCX) last ended 1.56 percent higher at 28,373 rupees per 10 grams, after hitting a high of 28,404 rupees, a level last seen on December 14.
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Global gold was trading $1,747.10/$1,747.90 an ounce as against at $1,744.90/1,745.90 at 9:41 a.m., with investors remaining cautious as Greece again delayed making a decision on a bailout package.
The rupee, which traded stronger, plays an important role in determining the landed cost of the dollar-quoted yellow metal.
COPPER
Copper futures are likely to open a tad higher following global markets, analysts said.
The most-traded copper for February delivery on the MCX last ended 0.57 percent higher at 421.25 rupees per kg.
London copper was 0.39 percent higher at $8,538 a tonne.
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