India's gold futures are likely to open a tad higher on Wednesday morning, recovering from previous session's losses to hit another record high, following firm overseas markets, analysts said.
* The most-active gold for August delivery on the Multi Commodity Exchange (MCX) closed 0.81% lower at Rs 23,040 per 10 grams, after hitting a record of Rs 23,320.
* Spot gold was up at USD 1,590.09 an ounce, off a record high of USD 1,609.51 set in the previous session.
* A firm rupee, which makes the dollar-quoted yellow metal cheaper, could limit the upside.
COPPER
Copper futures are likely to open a tad lower, retreating from their highest level in more than three months, following weak overseas markets and a stronger rupee back home, analysts said.
* The most-active copper for August delivery on the MCX closed 1.2% higher at Rs 440.45, after hitting an intra-day high of Rs 442.75, the level last seen in early April.
* London copper futures edged lower, after touching three-month highs in the previous session spurred by strong US housing data and progress towards reducing US deficit aimed at averting a default.
