MUMBAI: Copper futures are expected to open slightly lower on the Multi Commodity Exchange of India Ltd (MCX) on Friday, tracking foreign markets where the metal remained nearly steady, an analyst said.
The benchmark August copper was seen opening around 343 rupees per kg. August copper closed at 343.55 rupees on Thursday up 0.35 per cent from the previous day.
Other base metals are expected to open nearly flat, the analyst added. August zinc closed on Thursday at 81.75 rupees per kg, while August lead closed on the MCX at 94.35 rupees per kg on Thursday, both higher than the previous day.
GOLD
Gold futures are expected to open lower on the MCX on Friday amid cautious trade ahead of key U.S. data that could offer fresh direction to the metal, an analyst said. The benchmark October is expected to open around 12,660 rupees per 10 grams. The October contract ended on Thursday at 12,688 rupees, higher from the previous session.
SILVER
September silver on the MCX is seen opening lower at around 24,670 rupees per kg following gold, from its close at 24,720 rupees.
The benchmark August copper was seen opening around 343 rupees per kg. August copper closed at 343.55 rupees on Thursday up 0.35 per cent from the previous day.
Other base metals are expected to open nearly flat, the analyst added. August zinc closed on Thursday at 81.75 rupees per kg, while August lead closed on the MCX at 94.35 rupees per kg on Thursday, both higher than the previous day.
GOLD
Gold futures are expected to open lower on the MCX on Friday amid cautious trade ahead of key U.S. data that could offer fresh direction to the metal, an analyst said. The benchmark October is expected to open around 12,660 rupees per 10 grams. The October contract ended on Thursday at 12,688 rupees, higher from the previous session.
SILVER
September silver on the MCX is seen opening lower at around 24,670 rupees per kg following gold, from its close at 24,720 rupees.
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