 "Copper down 0.6% on overseas cues, profit-booking")
Amid a weak trend in the global market and profit-booking by speculators, copper prices fell by 0.67% in futures trade today.
At the Multi Commodity Exchange, copper for delivery in June fell by Rs 2.80, or 0.67%, to Rs 413.15 per kg in business turnover of 1,510 lots.
The metal's prices for delivery in far-month August shed Rs 2.65, or 0.63%, to trade at Rs 415.50 per kg in a turnover of 35 lots.
Globally, copper for delivery in three months retreated as much as 0.60%, to $6,892 a tonne on the London Metal Exchange, while the metal for delivery in August on the Shanghai Futures Exchange traded little changed at 48,630 yuan ($7,784) a tonne.
At the Multi Commodity Exchange, copper for delivery in June fell by Rs 2.80, or 0.67%, to Rs 413.15 per kg in business turnover of 1,510 lots.
The metal's prices for delivery in far-month August shed Rs 2.65, or 0.63%, to trade at Rs 415.50 per kg in a turnover of 35 lots.
Also Read
Analysts attributed the fall in copper futures to weak global cues as a private gauge of China's manufacturing missed estimates, curbing demand prospects from the world's biggest user of the metals.
Globally, copper for delivery in three months retreated as much as 0.60%, to $6,892 a tonne on the London Metal Exchange, while the metal for delivery in August on the Shanghai Futures Exchange traded little changed at 48,630 yuan ($7,784) a 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 →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
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
SAVE 25%