Business Standard

Monday, December 23, 2024 | 07:19 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Copper futures fall 0.40% as trend weakens

Image

Press Trust of India New Delhi
Taking weak cues from global market, copper futures traded 0.40 per cent lower at Rs 383.95 per kg today as speculators offloaded bets.

Furthermore, subdued demand at domestic spot market pushed down metal prices.

At the Multi Commodity Exchange, copper for delivery in April shed Rs 1.55, or 0.40 per cent, to Rs 383.95 per kg, in a business turnover of 1,353 lots.

Analysts attributed the fall to a weak trend in select base metals at the London Metal Exchange and muted demand at the domestic spot markets.

Disclaimer: No Business Standard Journalist was involved in creation of this content

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

First Published: Mar 15 2017 | 11:13 AM IST

Explore News