RTRS: India copper, gold may open down on weak global mkts
MUMBAI, Nov 25 (Reuters) - India's copper futures may open lower on Tuesday, as global economic worries continue to threaten demand for industrial metals, analysts said.
November copper rose 3.55 percent in the previous session, supported by rising equity markets.
The benchmark November copper MCCX8 on the Multi Commodity Exchange of India (MCX) on Monday ended up 3.55 percent at 183.9 rupees. It may open around 183-182.5 rupees per kg, one analyst said.
Copper prices are expected to trade weak later in the day as the health of the global economy continues to deteriorate, analysts said.
November zinc MZIX8 ended up 1.18 percent at 59.85 rupees and lead for November delivery MLDX8 ended up 1.44 percent at 59.8 rupees per kg.
GOLD:
Indian gold futures are likely to open down on Tuesday on profit-taking and tracking weak overseas markets, analysts said.
Overseas gold dropped more than 1 pct on Tuesday as the dollar gained against the euro and as investors booked profits after pushing bullion rose to a near six-week high on turmoil in financial markets.
The benchmark December contract MAUZ8 on MCX has gained more than 12 percent so far in November. It ended up 1.7 percent at 13,090 rupees per 10 grams the previous session.
(Reporting by Nandita Bose and Debiprasad Nayak ; Editing by Ramya Venugopal)