MUMBAI, Dec 18 (Reuters) - India's copper futures may open slightly lower on Thursday tracking markets in London, an analyst said.
Copper on the London Metal Exchange edged lower at $3,025.25 a tonne following its overnight plunge to a four-year low on concerns about slowing demand and rising stocks.
The benchmark February copper MCCG9 on the Multi Commodity Exchange of India on Wednesday ended lower by around 2 percent at 149.90 rupees per kg. It may open at around 148 rupees, one analyst said.
"We expect some profit-booking from yesterday's rally," said an analyst at Hyderabad-based commodity brokerage.
December zinc MZIZ8 ended at 51.95 rupees per kg, and December lead MLDZ8 closed at 47.30 rupees per kg.
GOLD: Indian gold futures may also edge lower at open, taking a cue from the international markets, an analyst said.
Overseas gold slipped on Thursday after prices rose to their highest in two months in the previous session, but a weaker U.S. dollar could still offer support following the Federal Reserve's massive rate cut. See [ID:nSP133968] The benchmark February contract MAUG9 may open at around 13,130-13,140 rupees per 10 grams and may trade in the range of 13,100-13,300, the analyst said.
The contract closed higher by around 230 rupees at 13,168 rupees in the previous trading session.
(Reporting by Siddesh Mayenkar; Editing by Ramya Venugopal)
