Copper futures prices today declined by 0.42% to Rs 423.25 per kg after speculators booked profits amid weak cues from global markets.
At the Multi Commodity Exchange, copper for delivery in August lost Rs 1.80, or 0.42%, to Rs 423.25 per kg, with a trading volume of 27,115 lots.
November copper fell by Rs 1.45, or 0.34%, to trade at Rs 427.70 per kg, with a trading volume of 10,920 lots.
Marketmen said the fall in copper futures prices was due to a weakening trend at the London Metal Exchange (LME) on concerns that Chinese demand is slowing.
Meanwhile, three-month copper dropped as much as 0.6% to $7,561.50 a tonne at the LME.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app