RTRS: India copper futures seen opening down, gold higher
MUMBAI, Oct 10 (Reuters) - India's copper futures are expected to slide down on Friday tracking markets in London, an analyst said.
London copper futures plunged 9 percent on Friday and traded at a new 2-½ year low, after collapsing equity markets fanned anxiety about global growth.
The benchmark November copper MCCX8 on the Multi Commodity Exchange of India (MCX) on Thursday ended up 0.67 percent at 261.7 rupees. It may open around 259-258 rupees per kg, one analyst said.
Copper prices are expected to fall later in the day on continued tension in the global financial markets, the analyst added.
October zinc MZIV8 ended up 2.05 percent at 72.15 rupees and lead for October delivery MLDV8 ended up 3.86 percent at 80.75 rupees per kg.
GOLD:
India's gold futures are expected to open higher on Friday on the MCX tracking gains in the overseas markets amid turmmoil in the financial markets with a weaker rupee adding to gains, an analyst said.
The benchmark December gold MAUZ8 is likely to open around 13,800 rupees per 10 grams from its closing at 13,605 rupees a day ago, the analyst added.
December silver MSVZ8 is seen opening around 20,200 rupees per kg from its closing at 19,777 rupees on Thursday.
(Reporting by Ruchira Singh and Nandita Bose; editing by Sunil Nair) ((ruchira.singh@thomsonreuters.com; +91-22-6636 9287; Reuters Messaging: ruchira.singh.reuters.com@reuters.net))