 "Copper down 0.25% on tepid spot demand")
Copper eased by 0.25% to Rs 320.40 per kg in futures trade today today as traders trimmed positions amid sluggish demand at the domestic spot markets.
At Multi Commodity Exchange, copper for delivery in August month declined by 80 paise, or 0.25% to Rs 320.40 per kg in business turnover of 870 lots.
Similarly, the metal for delivery in November contracts shed 70 paise, or 0.21% to Rs 326.80 per kg in 26 lots.
Analysts said the fall in copper prices at futures trade was mostly attributed to offloading of positions by participants owing to subdued demand in the spot market.
At Multi Commodity Exchange, copper for delivery in August month declined by 80 paise, or 0.25% to Rs 320.40 per kg in business turnover of 870 lots.
Similarly, the metal for delivery in November contracts shed 70 paise, or 0.21% to Rs 326.80 per kg in 26 lots.
Analysts said the fall in copper prices at futures trade was mostly attributed to offloading of positions by participants owing to subdued demand in the spot market.