 "Copper down by 0.1% on global cues")
Amid a weak trend in global markets and subdued spot demand, copper futures traded a shade lower at Rs 421 per kg today as speculators reduced their exposures.
At the Multi Commodity Exchange, copper for delivery in far-month August shed 25 paise, or 0.06%, to Rs 421 per kg in business turnover of 11 lots.
The metal for delivery in June traded a shade lower by 20 paise, or 0.05%, to Rs 416.25 per kg in 340 lots.
Globally, copper for delivery in three months slid 0.1%, to $6,395 per tonne on the London Metal Exchange, while metal for delivery in July rose 0.1% to 45,890 yuan ($7,392 a tonne on the Shanghai Futures Exchange.
At the Multi Commodity Exchange, copper for delivery in far-month August shed 25 paise, or 0.06%, to Rs 421 per kg in business turnover of 11 lots.
The metal for delivery in June traded a shade lower by 20 paise, or 0.05%, to Rs 416.25 per kg in 340 lots.
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Analysts attributed fall in copper futures to weak global cues and subdued demand at domestic spot markets.
Globally, copper for delivery in three months slid 0.1%, to $6,395 per tonne on the London Metal Exchange, while metal for delivery in July rose 0.1% to 45,890 yuan ($7,392 a tonne on the Shanghai Futures Exchange.
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