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Copper futures take overseas cues, weaken 0.60%

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Press Trust of India New Delhi
Last Updated : Jun 21 2017 | 1:48 PM IST
Amid a weak trend in the global market and subdued domestic demand, copper prices fell 0.60 per cent in futures trade today.
At the Multi Commodity Exchange, copper for delivery in June shed 60 paise, or 0.16 per cent, to Rs 364.60 per kg, in a business turnover of 939lots.
On similar lines, metal for delivery in far-month August was down by 50 paise, or 0.14 per cent, to Rs 369 per kg in 98 lots.
Analysts attributed the fall in copper futures to offloading of positions by speculators following weak global cues and low demand at the domestic spot markets.

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First Published: Jun 21 2017 | 1:48 PM IST

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