 "Copper down 0.2% on global cues, weak demand")
Copper prices moved down by 0.19% to Rs 428.15 per kg in futures trade today as speculators reduced positions amid a weak trend overseas and subdued demand in the spot market.
At the Multi Commodity Exchange, copper for delivery in August shed 80 paise, or 0.19%, to Rs 428.15 per kg in a business turnover of 955 lots.
Likewise, the metal for delivery in far-month November traded lower by 80 paise, or 0.18%, to Rs 435.60 per kg in 10 lots.
Meanwhile, copper for delivery in three months retreated 0.20% to $2,038.25 a metric tonne at the London Metal Exchange.
At the Multi Commodity Exchange, copper for delivery in August shed 80 paise, or 0.19%, to Rs 428.15 per kg in a business turnover of 955 lots.
Likewise, the metal for delivery in far-month November traded lower by 80 paise, or 0.18%, to Rs 435.60 per kg in 10 lots.
Also Read
Analysts said the fall in copper prices at futures trade was largely in line with a weak trend in select base metals at the London Metal Exchange (LME) ahead of data on China's manufacturing and subdued demand at domestic spot market.
Meanwhile, copper for delivery in three months retreated 0.20% to $2,038.25 a metric tonne at the London Metal Exchange.