Copper prices went down by Rs 2 per kg at the non-ferrous metal market today owing to slackened demand from consuming industries amid a weak trend overseas.
Traders said besides easing demand from consuming industries at domestic spot market, a weak trend overseas where the copper fell, extending recent declines following a renewed plunge in global equity markets and another big rise in copper inventories led to the fall.
Globally, copper for delivery in three-month was trading down 0.4 per cent at USD 6,818 a tonne on the London Metal Exchange.
In the national capital, copper mixed scrap shed Rs 2 to Rs 404 per kg.
Following are today's metal rates (in Rs per kg):
Zinc ingot Rs 124-130, Nickel plate (4x4) Rs 780-785, gun metal scrap Rs 227, Bell metal scrap Rs 229, copper mixed scrap Rs 404, chadri deshi Rs 295.
Lead ingot Rs 123, lead imported Rs 129, aluminium ingots Rs 154, aluminium sheet cutting Rs 150, aluminium wire scrap Rs 150 and aluminium utensils scrap Rs 148.
Disclaimer: No Business Standard Journalist was involved in creation of this content
