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RTRS: India copper may open flat, gold lower
 
India copper futures are expected to open little changed as overseas markets treaded water, an analyst said.

Three-month copper in London traded almost flat at $3,310 a tonne at 9:25 a.m., after hitting a low of $3,290 earlier.

"We expect selling pressure to creep in to copper after yesterday's highs," said an analyst with a local commodity brokerage.

The benchmark copper February contract MCCG9 on the Multi Commodity Exchange (MCX) ended the last session 1.2 percent up at 161.30 rupees per kg.

It may open at around 161 rupees and trade in the range of 155-164 rupees for the day, he added.

January zinc MZIF9 ended at 55.00 rupees per kg, while lead for January MLDF9 closed at 56.25 rupees per kg.

GOLD:

Gold futures are expected to open lower on profit-taking, analysts said. The MCX February contract MAUG9 closed at 14,095 rupees per 10 grams the previous session.

It may open at around 14,050 rupees per 10 grams and trade in the range of 13,950-14,150 rupees, they said.
Source