MUMBAI, Nov 14 (Reuters) - India's copper futures are expected to open up on Friday on a weak U.S dollar, analysts said.
A weak dollar makes dollar-denominated commodities cheap for other currency holders and boosts demand.
The benchmark November copper MCCX8 on the Multi Commodity Exchange of India (MCX) in the previous session ended down 0.26 percent at 195.15 rupees.
It may open around 196-196.15 rupees per kg, one analyst said.
November zinc MZIX8 ended down 4.79 percent at 56.55 rupees and lead for November delivery MLDX8 ended down 1.29 percent at 64.8 rupees per kg.
GOLD:
Indian gold futures are likely to edge up in early trade on firm oil and domestic demand due to the marriage season, but a weakness in overseas market may cap the gains, analysts said.
Oil extended gains above $58 on Friday after climbing almost 4 percent the previous day, as a recovery Asian equity markets countered increasing signs of a global recession and slowing demand.
Gold generally moves in tandem with crude oil as the latter signals inflation, while the metal negates it.
The December contract MAUZ8, which ended at 11,526 rupees per 10 grams in the previous session, is likely to trade in a range of 11,450-11,700 rupees, said an analyst. (Reporting by Nandita Bose and Debiprasad Nayak; Editing by Harish Nambiar)
