Base metals slide on weak global cues

Base metal prices, led by copper, drifted up to Rs 4 per kg at the local non-ferrous metal market today on global cues.
Traders attributed the fall in base metal prices to a weak global trend as the Federal Reserve's decision to end its bond-purchase programme strengthened the dollar, reducing the appeal of commodities as an alternative investment.
Meanwhile, copper for delivery in three months fell 0.5 per cent to USD 6,778.25 a metric tonne in the London Metal Exchange.
In the national capital, copper mixed scrap and nickel (4x4) fell by Rs 2 and Rs 4 to 433 and Rs 1,084-1,090 per kg, respectively.

Zinc ingot, lead ingot and lead imported enquired lower by Rs 2 each to Rs 116-122, Rs 106 and Rs 107 per kg, respectively.
Following are today's metal rates (in Rs per kg):
Zinc ingot 116-122, Nickel plate (4x4) 1,084-1,090, Gun metal scrap 227, Bell metal scrap 229, Copper mixed scrap 433, Chadri deshi 285.
Lead ingot 106, Lead imported 107, Aluminium ingots 168, Aluminium sheet cutting 169, Aluminium wire scrap 171 and Aluminium utensils scrap 168.