RTRS: India copper, gold may open higher on overseas cues
MUMBAI, Dec 10 (Reuters) - India's copper futures are expected to open higher on Wednesday, tracking markets in London, an analyst said.
The benchmark February copper contract MCCG9 on the Multi Commodity Exchange (MCX) on Tuesday closed at 163.95 rupees per kg, lower by 4.1 percent. It may open at around 165 per kg, the analyst said.
The contract may trade in the range of 162-170 through the day, the analyst said.
December Zinc MZIZ8 ended lower by 0.36 percent at 54.80 rupees per kg, and lead for December delivery MLDZ8 closed lower by 1.9 percent at 48.90 rupees per kg.
GOLD:
India gold futures may edge up on Wednesday tracking a steady international market, an analyst said.
Overseas gold inched up on Wednesday as the dollar steadied against the euro, with investors also keeping an eye on movements in stock markets amid fears of deepening recession. See [ID:nSP364820]
The benchmark February contract MAUG9 may open at 12,360 rupees per 10 grams and may trade in the range of 12,130-12,450, the analyst said.
The contract closed at 12,351 rupees per 10 grams on Tuesday.
(Reporting by Siddesh Mayenkar; Editing by Ramya Venugopal)