MUMBAI: Gold futures opened a tad higher on Thursday helped by a weak rupee, which makes the dollar-quoted commodity expensive, but weak
international cues limited gains, analysts said.
The benchmark February gold on the MCX was up 0.09 per cent at 17,189 rupees per 10 grams at 11:12 am.
The Indian rupee weakened on Thursday as the dollar strengthened on the back of the Federal Reserve's confidence about the US economy while Asian stocks traded lower.
Analysts believe India gold will follow international cues soon and will fall.
"Gold will come down from these levels later in the day ...a strengthening dollar will reduce gold's charm," Vishakha Chhabria, an analyst with Ventura Commodities Pvt Ltd.
International gold prices edged down on Thursday but mostly held on to gains made the previous day after the Federal Reserve noted some economic improvements but reiterated its pledge to keep interest rates low.
Following are gold prices in rupees per 10 grams on the Multi Commodity Exchange of India Ltd at 11:13 am.
