Copper down 0.2% on weak global cues
Metal for delivery in three months on the London Metal Exchange fell 0.5%
)
Tracking a weak global trend, copper prices fell by 0.24% to Rs 407.20 per kg in futures trade today as speculators offloaded their positions.
At the Multi Commodity Exchange, copper for delivery in June fell by Re one, or 0.24%, to Rs 407.20 per kg in a business turnover of 2 lots.
The metal for delivery in April traded lower by 90 paise, or 0.23%, to Rs 403.65 per kg in 136 lots.
Analysts attributed the fall in copper futures to weak global cues on concern that an economic slowdown in China, the biggest metals consumer, will lower demand.
The metal for delivery in three months on the London Metal Exchange fell 0.5% to $6,640 per tonne.
Meanwhile, copper fell 0.5% to $6,640 a tonne on the London Metal Exchange.
At the Multi Commodity Exchange, copper for delivery in June fell by Re one, or 0.24%, to Rs 407.20 per kg in a business turnover of 2 lots.
The metal for delivery in April traded lower by 90 paise, or 0.23%, to Rs 403.65 per kg in 136 lots.
Analysts attributed the fall in copper futures to weak global cues on concern that an economic slowdown in China, the biggest metals consumer, will lower demand.
The metal for delivery in three months on the London Metal Exchange fell 0.5% to $6,640 per tonne.
Meanwhile, copper fell 0.5% to $6,640 a tonne on the London Metal Exchange.
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Mar 31 2014 | 12:52 PM IST