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Copper down 0.4% on global cues

Analysts attributed the decline to a subdued trend in the base metals pack in the global markets

Press Trust of India New Delhi
Copper futures prices today fell 0.49% to Rs 457.90 per kg after speculators reduced their exposures amid a weak trend in the global markets.

At the Multi Commodity Exchange, copper for delivery in April declined by Rs 2.25, or 0.49%, to Rs 457.90 per kg in business turnover of 112 lots.

Similarly, the metal for delivery in February fell by Rs 2.15, or 0.47%, to Rs 453.40 per kg in 3,326 lots.

Analysts attributed the decline to a subdued trend in the base metals pack in the global markets.

Meanwhile, copper for delivery in March lost 0.70% at 51,450 yuan ($8,512) per tonne on the Shanghai Futures Exchange.
 

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First Published: Jan 15 2014 | 12:30 PM IST

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