MUMBAI: Copper futures may open lower on Friday on technical profit-booking after having gained about 1.5 percent in the previous session,
The benchmark April contract on the Multi Commodity Exchange closed 1.5 percent higher at 209.95 rupees per kg in the previous session.
Copper got a boost in the previous session by the Group of 20 summit in London announcement of a trillion-dollar deal to fight the global slowdown.
It may open at about 208.50 rupees per kg, said Harish Galipelli, head of research with Karvy Comtrade in Hyderabad.
"Copper would be consolidating for a couple of days in the range of 206-212 (rupees)," added Galipelli.
But the uptrend remains intact, said Galipelli. Overall range for the market is 206-212, said Abhishek Chauhan, a technical analyst with Angel Commodities.
April zinc ended at 66.50 rupees per kg, while lead for April closed at 64.30 rupees per kg in the previous session.
GOLD: Futures are likely to open lower on sustained selling pressure after the previous day's fall by over 2.5 percent on renewed talks of gold sales by the IMF as well as rally in equity markets, analysts said.
The benchmark June contract closed 2.6 percent down at 14,691 rupees per 10 grams in the last session.
It may open around 14,620 rupees per 10 grams, said Gnansekar Thiagarajan, director with Commtrendz Research.
"Any rallies will be sold in gold now," said Thiagarajan, adding "It can see further downside to 14,350 (rupees)."
Gold may trade in a range of 14,460-14,850 rupees, Debjyoti Chatterjee, an associate vice president with ADMISI Commodities.
