Business Standard

Monday, January 06, 2025 | 06:52 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Copper falls by 1.3% on global cues

Speculators trimmed their positions, tracking a weak global trend

Press Trust of India New Delhi
Copper prices fell by 1.25% to Rs 469.50 per kg in futures trade today as speculators trimmed their positions, tracking a weak global trend.
 
At the Multi Commodity Exchange, copper for delivery in November month fell by Rs 5.95, or 1.25% to Rs 469.50 per kg in business turnover of 979 lots.
     
Similarly, the metal for delivery in August traded lower by Rs 5.76, or 1.23% to Rs 461.50 per kg in 7,777 lots.
 
Analysts attributed the fall in copper futures to a weak global trend on concerns tapering of stimulus in the US curbs demand of industrial metals.
 
     
Meanwhile, copper fell 0.4% to 7,368.50 dollar a metric tonne on the London Metal Exchange.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 19 2013 | 12:58 PM IST

Explore News