03 June 2009

Market Talk: India Gold futures likely up on overseas cues

India August MCX contract likely to open up, tracking
gains in overseas spot gold, says Kunal Shah of Nirmal Bang Commodities; adds,
contract may touch INR14,940/10 grams today; "Gold is attracting a lot of
buying due to weakening dollar in the international market," Shah says; expects
contract in INR14,790-INR14,940 band; last ended up 0.3% at INR14,857.

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