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Copper futures fall on low demand; weak global cues

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Press Trust of India New Delhi

Copper futures fell 0.29 per cent

to Rs 456.90 per kg today as speculators cut down their positions amid a weak demand at the domestic spot markets.

Besides, a weak overseas trends also weighed on sentiments.

At the Multi Commodity Exchange, copper for delivery in far-month August declined by Rs 1.35, or 0.29 per cent to Rs 456.90 per kg in a business turnover of 40 lots.

The metal for delivery in June shed Rs 1.20, or 0.27 per cent to Rs 450.70 per kg in a business volume1 of 538 lots.

Analysts said a weak trend at the domestic spot markets due to low demand from consuming industries and weak global cues, weighed on copper prices in futures trade here.

 

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First Published: Jun 27 2018 | 11:05 AM IST

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