RTRS: India copper to open flat, gold seen tad down
MUMBAI, Dec 19 (Reuters) - India copper futures are expected to open little changed, but with a slight positive bias, on Friday tracking markets in London, an analyst said. London Metal Exchange copper MCU3 bounced off from Thursday's four-year low of $2,860, on bargain buying. At home, the benchmark February copper contract MCCG9 on the Multi Commodity Exchange on Thursday ended at 141.75 rupees per kg, 5.4 percent down. It may open at around 141.5-142 rupees.
The red metal may trade in the range of 136-144 rupees for the day, the analyst said.
December zinc MZIZ8 ended at 51 rupees per kg, and December lead MLDZ8 closed at 43.85 rupees per kg.
GOLD:
Futures may open slightly lower in step with global markets, an analyst said.
Overseas gold edged down on Friday, extending losses made the previous day as the dollar gained some ground against other major currencies after a sell-off on the latest U.S. interest rate cut. See [ID:nT288345] The benchmark February contract on the MCX may open at around 12,900 rupees, the analyst said. The contract may trade in the range of 12,800-13,000 rupees for the day.
The contract closed at 12,930 rupees in the previous session, lower by 238 rupees.
(Reporting by Siddesh Mayenkar; Editing by Rohini Ananthan)