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Copper futures down on global cues

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 10:13 PM IST

Copper futures prices fell by 0.26% to Rs 410.15 today, amid a weak trend overseas and sluggish spot demand.

At the Multi Commodity Exchange, copper for delivery in August weakened by 95 paise, or 0.26%, to Rs 410.15 per kg, with a business turnover of 1,961 lots.

June copper traded lower by 75 paise, or 0.18%, to Rs 405.05 per kg, with an open interest of 2,371 lots.

Market analysts said besides a weakening trend at the London Metal Exchange (LME), sluggish demand at the domestic spot markets mainly led to the decline in copper futures prices.

Meanwhile, copper for delivery in three months fell by 0.4% to USD 9,020 a tonne on the LME.

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First Published: Jun 10 2011 | 1:13 PM IST

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