Copper fell marginally by 0.12% in futures trade today as speculators off-loaded their positions, in tune with a weakening trend globally.
At the Multi Commodity Exchange, copper for delivery in June declined by 50 paise, or 0.12%, to Rs 407.15 per kg, with a business turnover of 4,021 lots.
Similarly, the metal for delivery in August lost 45 paise, or 0.11%, to Rs 412.25 per kg, with an open interest of 332 lots.
Market analysts said a weak trend on the London Metal Exchange amid disappointing US data and the unfolding Greek debt crisis mainly put pressure on copper prices in futures trade here.
Meanwhile, copper for three-month delivery fell by 0.7% to $9,090 a tonne on the London Metal Exchange.
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