RTRS: India copper, gold futures may open tad higher
MUMBAI, June 10 (Reuters) - India's copper futures are expected to open slightly higher on Wednesday tracking overseas gains, where a weak dollar spurred buying, analysts said.
The benchmark June copper MCCM9 on the Multi Commodity Exchange of India (MCX) ended 3.7 percent higher at 246.95 rupees in the previous session.
It may open at 247-248 rupees per kg, said Aurobinda Prasad, deputy manager-research with Karvy Comtrade in Hyderabad.
"Copper may trade higher due to follow-through buying on a weak dollar overseas," said Prasad.
"Market is looking bullish and may test 252/253 rupees later in the session," said Abhishek Chauhan, technical analyst with Angel Commodities.
June zinc MZIM9 ended 3.7 percent higher at 75.95 rupees and lead for June delivery MLDM9 ended 5.3 percent higher at 82.35 rupees per kg in the previous session.
GOLD:
India's gold futures may edge higher at open following gains in international markets, analysts said.
The benchmark August gold MAUQ9 closed flat at 14,607 rupees in the previous session.
