 "Copper marginally down on weak global cues")
Tracking a weak global trend, copper prices fell marginally by 0.10% to Rs 401.25 per kg in futures trade today as speculators offloaded their positions.
At the Multi Commodity Exchange (MCX), the August contract fell 40 paise, or 0.10%, to Rs 401.25 per kg in 1,187 lots.
The June contract traded lower by 15 paise, or 0.05%, to Rs 397.20 per kg in 16,523 lots.
Meanwhile, copper for delivery in three months fell 0.60% to $7,155 a tonne on the London Metal Exchange (LME).
At the Multi Commodity Exchange (MCX), the August contract fell 40 paise, or 0.10%, to Rs 401.25 per kg in 1,187 lots.
The June contract traded lower by 15 paise, or 0.05%, to Rs 397.20 per kg in 16,523 lots.
Also Read
Analysts attributed the fall in copper futures to weak global cues on concerns that demand from China, the US and Germany, the largest users, is weakening.
Meanwhile, copper for delivery in three months fell 0.60% to $7,155 a tonne on the London Metal Exchange (LME).