India copper, gold futures may open down
MUMBAI, July 24 (Reuters) - India's copper futures were seen opening slightly lower on the Multi Commodity Exchange of India Ltd (MCX) on Thursday as stocks in warehouses exceeded expected demand, an analyst said.
The benchmark August copper MCCQ8 closed on Wednesday at 342.30 rupees per kg down 1.4 percent from the previous session. It may open around 341.75 rupees per kg.
July zinc MZIN8 may open flat from the previous day's 80.50 rupees per kg, while July lead MLDN8 may gain marginally from its close at 94.75 rupees per kg on Wednesday.
GOLD:
India's gold futures may open lower on the MCX on Thursday on a fall in crude oil overseas, an analyst said.
The benchmark August gold MAUQ8 is likely to open around 12,620 rupees per 10 grams, the analyst added.
August gold ended on Wednesday at 12,644 rupees, down 3.29 from the previous session.
SILVER:
India's September silver MSVU8 may open lower around 24,400 rupees per kg on the MCX, tracking gold, analyst said. Continued...
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