Home

 
India Bullion iPhone Application
  Quick Links
Currency Futures Trading

MCX Strategy

Precious Metals Trading

IBCRR

Forex Brokers

Technicals

Precious Metals Trading

Economic Data

Commodity Futures Trading

Fixes

Live Forex Charts

Charts

World Gold Prices

Reports

Forex COMEX India

Contact Us

Chat

Bullion Trading Bullion Converter
 

$ Price :

 
 

Rupee :

 
 

Price in RS :

 
 
Specification
  More Links
Forex NCDEX India

Contracts

Live Gold Prices

Price Quotes

Gold Bullion Trading

Research

Forex MCX India

Partnerships

Gold Commodities

Holidays

Forex Currency Trading

Libor

Indian Currency

Advertisement

 
RTRS: India copper seen opening a tad lower; gold flat
 
MUMBAI, June 8 (Reuters) - India's copper futures are expected to open a tad higher on Monday tracking a weak rupee and higher overseas markets, analysts said.

The benchmark June copper MCCM9 on the Multi Commodity Exchange of India (MCX) ended 0.6 percent lower at 237.50 rupees in the previous session.

It may open at 239 rupees per kg, said Abhishek Chauhan, technical analyst with Angel Commodities, adding he expected sideways movement in copper.

A weak rupee makes the dollar quoted asset expensive. The Indian rupee started lower on cues from dollar strength overseas.

At 9:28 a.m., London copper was 1.14 percent higher at $5,060 a tonne.

"Copper is expected to trade in range of 232-242 rupees." said Paras Sejpal, an analyst with TransMarket Group.

June zinc MZIM9 ended flat at 73.65 rupees and lead for June delivery MLDM9 almost steady 77.65 at rupees per kg in the previous session.

GOLD:

India's gold futures may open flat as support from a weak rupee is likely to be offset by a soft international futures market, analysts said.

The benchmark August gold MAUQ9 closed 0.2 percent lower at 14,635 rupees in the previous session.

The contract is likely to open at 14,630 rupees per 10 grams, said Kunal Shah, an analyst with Nirmal Bang Commodities.

At 9:28 a.m., Comex August gold GCQ9 was 0.23 percent lower at $960.4 an ounce.

"Gold may face selling pressure on strong dollar overseas and profit-taking," said Shah.

Gold may trade in the range of 14,500-14,720 rupees, said Harish Galipelli, head of research with Karvy Comtrade.


Source