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Gold futures seen rising over 1 pct

India gold are likely to rise more than a percent on Tuesday morning in line with global markets, though a stronger rupee could limit the gains, analysts said.

* The most-active gold for February delivery on the Multi Commodity Exchange last ended 0.08 percent lower at 27,484 rupees per 10 grams.

* Spot gold rose more than half a percent, encouraged by revived risk appetite that lifted markets across the board.

* The rupee, which strengthened in early deals on Tuesday, plays an important role in determining the landed cost of the dollar-quoted yellow metal.

COPPER

Copper futures are likely to open higher, extending gains for another session, following firm overseas markets, analysts said.

* The most-active copper for February delivery on the MCX last ended 0.6 percent higher at 418.60 rupees per kg.

* London copper rose for a second day on Tuesday after China's GDP expanded faster than expected.

Source :in.reuters.com




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