Gold futures on the Multi Commodity Exchange had closed lower at Rs 30,005 on Tuesday against the previous close of Rs 30,054. The futures exchanges were closed on Wednesday for Independence Day.

At Comex, the yellow metal was trading marginally up at $1,607 a troy ounce at 9.45 am.

Gold futures on MCX may open higher taking cues from the international market. Rupee is also expected to depreciate against dollar, lending support to firm gold prices in India.

(This article was published on August 16, 2012)
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