Copper futures prices fell marginally by 0.20% today after speculators reduced their positions in line with a weakening trend at the London Metal Exchange.
At the Multi Commodity Exchange, copper for delivery in April eased by 85 paise, or 0.20% to Rs 423.60 per kg, with a business volume of nine lots.
Similarly, the metal for delivery in June shed 80 paise, or 0.19% to Rs 430.55 per kg, with a trade volume of three lots.
Market analysts said off-loading of positions by speculators following weakness in metal at the London Metal Exchange (LME), mainly put pressure on the copper at futures market here.
Meanwhile, at the LME, three-month-delivery copper lost 0.5% to $9,535 a metric tonne.
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