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Copper prices fall by 0.71%

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 2:31 AM IST

Tracking a weak trend in overseas markets, copper prices fell by Rs 3.05 to Rs 429.15 per kg in futures trade today.

Also, subdued demand at spot markets also kept pressure on the metal prices at futures trade.

At the Multi Commodity Exchange, copper for delivery in April fell by Rs 3.05, or 0.71%, to Rs 429.15 per kg in business turnover of 25,086 lots.

Similarly, the metal for delivery in June shed Rs 3, or 0.69%, to Rs 433.80 per kg in 1,234 lots.

Market analysts said the fall in copper prices at futures trade was mostly attributed to a weak trend in global markets besides sluggish demand at domestic spot markets.

Meanwhile, copper for delivery in three-month declined 0.7% $8,499.75 a tonne on the London Metal Exchange.

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First Published: Mar 14 2012 | 2:25 PM IST

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