 "Copper down 0.2% on global cues")
Copper prices moved down by 0.22% to Rs 422.05 per kg in futures trade today as speculators offloaded their positions driven by weak global trend.
At the Multi Commodity Exchange, copper for delivery in November declined by 95 paise, or 0.22%, to Rs 422.05 per kg in business turnover of 450 lots.
Similarly, copper for delivery in August traded lower by 85 paise, or 0.20%, to Rs 416.90 per kg in 8,184 lots.
Meanwhile, copper for delivery in three months lost 0.6% at $6,747.25 a tonne on the London Metal Exchange.
At the Multi Commodity Exchange, copper for delivery in November declined by 95 paise, or 0.22%, to Rs 422.05 per kg in business turnover of 450 lots.
Similarly, copper for delivery in August traded lower by 85 paise, or 0.20%, to Rs 416.90 per kg in 8,184 lots.
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Market analysts said speculators offloaded their positions in tandem with a weak global trend as the dollar climbed after better-than-expected US employment data increased bets that the Federal Reserve will slow record monetary stimulus this year, mainly influenced copper prices at futures trade.
Meanwhile, copper for delivery in three months lost 0.6% at $6,747.25 a tonne on the London Metal Exchange.
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