Copper futures fell by 0.20% to Rs 422.15 per kg today after traders reduced positions, taking weak cues from global markets.
Sluggish domestic demand at spot markets also put pressure on the metal prices.
At the MCX, copper for delivery in June lost 85 paise, or 0.20%, to Rs 422.15 per kg, with a trading volume of 25,433 lots.
The metal for delivery in August also fell by similar margin to trade at Rs 426.70 per kg, with a trading volume of 2,208 lots.
The fall in copper futures prices was mostly due to a weakening trend at the London Metal Exchange (LME) and subdued domestic demand, said analysts.
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