Market Talk : India gold futures likely up on weak INR

India August MCX gold contract likely to open up on weak

INR, firm international spot gold. "If the rupee remains weak, it may help gold
touch INR15,000," says Gnanasekar Thiagarajan, director at Commtrendz Research;
expects contract to open INR14,650-INR14,675/10 grams, trade in
INR14,545-INR14,770 range. Contract last ended down 0.2% at INR14,635.