RTRS: India copper to open flat, gold seen tad lower
MUMBAI, Dec 23 (Reuters) - India copper futures are expected to open little changed but with a slight negative bias on Tuesday on worries that the deepening global slowdown will drag down demand for industrial metals, an analyst said.
The benchmark February contract MCCG9 on the Multi Commodity Exchange (MCX) on Monday ended at 147.65 rupees per kg. It may open at around 147.5 rupees, the analyst said.
Copper may trade in the range of 143-151 rupees, the analyst added.
December zinc MZIZ8 ended at 55.75 rupees per kg, and December lead MLDZ8 closed at 43.25 rupees per kg.
GOLD: Futures are expected to open marginally lower in step with international markets, analysts said. Overseas gold slid $2 in modest trade on Tuesday, dragged lower by a 2 percent fall in oil prices, while activity was thinned by a Japanese holiday and a steady dollar ahead of U.S. final third-quarter GDP data. See [ID:nSYD50074]
The MCX February contract MAUG9 may open at around 13,000 rupees per 10 grams, they said. It may trade in the range of 12,850-13,200 rupees.
The contract closed at 13,020 rupees per 10 grams in the previous session.
(Reporting by Siddesh Mayenkar; Editing by Rohini Ananthan)