RTRS: India copper futures seen opening up, gold flat
MUMBAI, Oct 13 (Reuters) - India's copper futures are expected to open up on Monday tracking markets in London, an analyst said.
London copper futures bounced 4 percent in early Asian trade on Monday after the market on Friday plunged to its weakest since the start of 2006.
The benchmark November copper MCCX8 on the Multi Commodity Exchange of India (MCX) on Saturday ended up 0.55 percent at 236.65 rupees. It may open around 240-242 rupees per kg, one analyst said.
Copper prices are expected to trade steady to up later in the day on hopes global financial measures will bail out the global economy, the analyst added.
October zinc MZIV8 ended up 0.14 percent at 69.80 rupees and lead for October delivery MLDV8 ended up 0.48 percent at 73 rupees per kg.
GOLD:
India's gold futures are expected to open flat on Monday on the MCX because a stronger rupee against the dollar is expected to support the metal, an analyst said.
The benchmark December gold MAUZ8 closed on Saturday at 13,447 rupees per 10 grams.
Silver futures however are expected to fall under pressure from base metals that face a weak demand outlook.
December silver MSVZ8 is expected to open around 18,200 rupees per kg from its closing on Saturday at 18,446 rupees. (Reporting by Ruchira Singh and Nandita Bose)
