Copper prices fell by 0.17 per cent to Rs 442.30 per kg in futures trade today amid profit-booking by participants and subdued domestic demand even as the metal strengthened overseas.
Analysts attributed the fall in copper futures to a weak trend in base metals at the domestic spot markets along with profit-booking at current levels by participants but the metal's strength overseas, capped the losses.
At the Multi Commodity Exchange, copper for delivery in June fell by 75 paise, or 0.17 per cent, to Rs 442.30 per kg, in a business turnover of five lots.
The metal for delivery in the current month also shed 40 paise, or 0.09 per cent, to trade at Rs 437.85 per kg in a turnover of 395 lots.
Globally, at the London Metal Exchange, copper for delivery in three-month edged up to USD 6,786 per tonne.
Disclaimer: No Business Standard Journalist was involved in creation of this content
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