India gold, copper seen opening lower

India gold, copper seen opening lower
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First Published: Mon, Mar 24 2008. 10 53 AM IST
Updated: Mon, Mar 24 2008. 10 53 AM IST
Mumbai: India’s copper futures are seen opening down amid worries over global demand for industrial metals as economic growth slows in the U.S.
The benchmark April copper on the Multi Commodity Exchange of India Ltd is seen opening around Rs317 per kg from its close at Rs318.60 on 20 March. Commodity markets were closed on 21 March for a religious holiday.
Gold futures are expected to extend falls owing to a firmer dollar and weaker crude oil, leading to profit-taking overseas.
The benchmark April gold on the Multi Commodity Exchange of India Ltd is seen opening down by Rs100 around Rs11,950 per 10 grams, an analyst said.
April gold closed on MCX at Rs12,048 on 20 March.
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First Published: Mon, Mar 24 2008. 10 53 AM IST
More Topics: Gold | Copper | India | Dollar | Crude Oil |