MUMBAI, Dec 11 (Reuters) - India copper futures are expected to open slightly lower on Thursday tracking markets in London, an analyst said.
The benchmark February contract MCCG9 on the Multi Commodity Exchange of India (MCX) on Wednesday ended 2.3 percent higher at 167.70 rupees per kg. It may open at around 167 rupees.
The red metal may trade between 162-170 rupees through the day, the analyst added. December zinc MZIZ8 ended at 54.75 rupees and lead for December delivery MLDZ8 closed at 49.70 rupees per kg.
GOLD:
Futures may open lower in line with world markets and pressured by a firmer rupee, an analyst said.
A firm rupee weighs on prices in a market which imports most of its gold requirement, paid for in dollars.
International prices edged down to around $800 on Thursday to track weaker stocks, a day after posting its biggest daily rise in almost three weeks, but cuts in oil output could spur safe-haven buying. See [ID:nSP378208]
The benchmark February contract on the MCX may open at 12,670-12,680 rupees per 10 grams, the analyst said, adding the contract may trade in the range of 12,550-12,950 rupees.
The contract ended at 12,718 rupees, up by 3 percent.
Source : Reuters India