Copper opens down, gold steady


India copper futures were down in early Monday trade following the weak trend in the London market , which was down 0.57 percent at $9209 per tonnes at 4:55 GMT, analysts said. 

The most-active copper for April delivery on the Multi Commodity Exchange (MCX) declined 0.39 percent to 417.45 rupees per kg at 4:55 GMT. 

Base metals fell on Monday in London, down 0.5 percent on average, led by copper's 0.7 percent slide in light trade during a two-day market holiday in China. 

Three-month copper on the London Metal Exchange slipped $64.25 to $9,294.75 a tonne by 0425 GMT. Volumes were light with just 640 lots traded. 

GOLD: India gold futures edged up at open as traders stepped up buying taking cues from overseas markets , analysts said. 

The most-active April contract on the MCX was up 0.3 percent at 20,666 rupees per 10 grams at 5:00 GMT. In the previous session it closed at 20,660 ruppes per 10 grams. 

Spot gold edged up on Monday, as higher oil prices amid the ongoing Middle East crisis and a firm euro on expectations of a European Central Bank rate hike lent support. 

Spot gold inched up nearly 0.14 percent to $1,429.95 an ounce by 5:00 GMT, after ending the first quarter up 0.7 percent.


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