RTRS: India copper seen opening lower, gold higher
MUMBAI, Oct 27 (Reuters) - India's copper futures are expected to extend losses on Monday as recession fears grow, analysts said.
The benchmark November copper MCCX8 on the Multi Commodity Exchange of India (MCX) on Saturday ended down 0.97 percent at 194 rupees, extending last week's loss to 22.1 percent.
It may open around 193.5-193 rupees per kg, one analyst said.
Copper prices are expected to trade weak later in the day as the global economic downturn gathers pace, the analyst added.
October zinc MZIV8 ended down 1.7 percent at 56.25 rupees and lead for October delivery MLDV8 ended down 3.78 percent at 62.5 rupees per kg on Saturday.
GOLD:
India's gold futures are expected to open higher on the MCX on Monday, continuing its rebound from the previous session, an analyst said.
The benchmark December gold MAUZ8 is likely to open around 12,000 rupees per 10 grams from its closing at 11,922 rupees on Saturday, the analyst added.
December silver MSVZ8 is seen opening around 16,820 rupees per kg from its closing at 16,755 rupees.
(Reporting by Ruchira Singh and Nandita Bose; Editing by Ramya Venugopal)