 "Copper take overseas cues, weakens by 0.5%")
Amid a weak trend in the global market and subdued domestic demand, copper prices fell 0.50% in futures trade today.
At Multi Commodity Exchange, copper for delivery in November shed Rs 1.75, or 0.50%, to Rs 344.80 per kg in a business turnover of 2,833 lots.
On similar lines, metal for delivery in February next year was down by Rs 1.70, or 0.48%, to Rs 350.60 per kg in 85 lots.
Globally, copper for delivery in three months retreated as much as 0.60% to $5,254 per tonne on the London Metal Exchange.
At Multi Commodity Exchange, copper for delivery in November shed Rs 1.75, or 0.50%, to Rs 344.80 per kg in a business turnover of 2,833 lots.
On similar lines, metal for delivery in February next year was down by Rs 1.70, or 0.48%, to Rs 350.60 per kg in 85 lots.
Also Read
Analysts attributed the fall in copper futures to weak global cues and low demand at the domestic spot markets here.
Globally, copper for delivery in three months retreated as much as 0.60% to $5,254 per tonne on the London Metal Exchange.