Reply #20: Gold futures steady on global leads, rupee eyed

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http://economictimes.indiatimes.com/markets/commodities/gold-futures-steady-on-global-leads-rupee-eyed/articleshow/10388107.cms

MUMBAI: India gold futures were steady on Monday afternoon following a similar trend in overseas markets, although a stronger rupee could weigh on sentiment later in the day, dealers said.

The most-active gold for December delivery on the Multi Commodity Exchange (MCX) was 0.10 percent higher 26,913 rupees per 10 grams.

Global gold hovered around $1,680, after posting its biggest weekly gain since early September, as investors await concrete steps to tackle the euro zone debt crisis that could come out of a European Union summit this weekend.

The Indian rupee nudged higher comforted by a strong euro, although volatility in domestic equities and dollar demand from local oil refiners limited the gains.