MUMBAI: Indian gold futures are likely to open steady on Wednesday as a fall in the overseas markets is seen offsetting a drop in rupee, which lifts landed cost of imported gold, analysts said. - The most-active gold for February delivery on the Multi Commodity Exchange (MCX) ended 0.46 percent lower at 27,651 rupees per 10 grams on Tuesday. - The rupee plays an important role in determining the landed cost of the dollar-quoted yellow metal and copper. The Indian rupee fell early on Wednesday dragged by dollar demand from oil importers. - International spot gold edged lower on Wednesday, tracking falls in industrial metals and equities, as concerns about global economic growth weighed on market sentiment amid thin year-end trading volumes. COPPER Copper futures are likely to ease tracking the weak London market, though a weak rupee is seen limiting the downside, analysts said. - The most-active copper for February delivery on the MCX closed 0.97 percent lower at 403.2 rupees per kg in the previous session. - London copper dropped on Wednesday, snapping four days of gains, on concern demand for the metal used in pipes and electrical wires will wane after a report showed weak house prices in the United States, the world's largest economy.

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