Mumbai, March 25: India copper futures are expected to open lower on Thursday tracking weak international markets, analysts said.
Shanghai copper fell nearly a half percent on Thursday, pressured by a strong dollar and a sovereign credit rating downgrade for euro zone nation Portugal.
The most-active April copper on the Multi Commodity Exchange (MCX) last closed at 336.75 rupees per kg, down 0.85 percent.
GOLD:
India gold may open higher on Thursday tracking firm trends in the international market, analysts said.
International gold regained strength on Thursday after hitting a 6-week low the previous day, but a strong U.S. dollar capped gains while uncertainties about the outcome of a European Union summit drove some investors away.
The most-active April gold contract on MCX last ended at 16,295 rupees per 10 grams, down 0.91 percent.
—–Agencies