RTRS: India copper, gold seen opening higher on firm LME
MUMBAI, Nov 7 (Reuters) - India's copper futures are expected to open up on Friday tracking firm markets in London.
Prices, which have fallen close to 5 percent in the previous session, could see a slight pullback on opening, analysts said.
The benchmark November copper MCCX8 on the Multi Commodity Exchange of India (MCX) on Thursday ended down 4.62 percent at 186.85 rupees. It may open around 187.5-188 rupees per kg, one analyst said.
Copper prices are expected to continue slipping later in the day on a gloomy demand outlook amid a global economic slowdown and rising inventories, the analyst added.
November zinc MZIX8 ended down 4.39 percent at 53.4 rupees and lead for November delivery MLDX8 ended down 1.1 percent at 71.2 rupees per kg.
GOLD:
India's gold futures are expected to open higher on the MCX on Friday, tracking a weak rupee, an analyst said.
The benchmark December gold MAUZ8 is likely to open at 11,520 rupees per 10 grams from its closing at 11,494 rupees.
December silver MSVZ8 may witness a weak opening at 16,850 rupees per kg from its closing at 16,901 per kg. (Reporting by Nandita Bose and Siddesh Mayenkar; Editing by Harish Nambiar)
