India gold futures are likely to open a tad higher on Wednesday morning, below its previous day's record, following similar trend in overseas market, though a stronger rupee could keep the upside in prices limited, analysts said.
* The most-active gold for October delivery on the Multi Commodity Exchange (MCX) last closed 1.8 percent lower at 27,969 rupees per 10 grams, reversing from an early record of 28,744 rupees.
* Overseas spot gold rebounded as much as 0.8 percent from a sharp slide off the record high in the previous session, as the metal's appeal remained undimmed to investors keen to seek safety during a period of heightened worry about the euro zone's debt crisis.
* The rupee rose in tandem with gains in domestic equities and most Asian currencies. The rupee plays an important role in determining the landed cost of the yellow metal and red metal, which is quoted in dollars.
COPPER
Copper futures are likely to open higher on Wednesday morning following global markets, although a strong rupee could weigh on the red metal later in the session, analysts said.
* The most-active copper for November delivery on the MCX closed 0.4 percent higher at 416.10 rupees per kg.
* London copper prices rose almost 1 percent to snap a three-day slide, as a series of labour disputes threatened output and helped offset persistent worries about the health of the global economy.
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