Copper down 0.8% on weak global cues
Analysts attributed the fall in copper futures to weak global cues
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Copper prices fell by 0.88% to Rs 447.35 per kg in futures trade today as speculators trimmed their positions.
At the Multi Commodity Exchange, copper for delivery in February fell Rs 3.95, or 0.88%, to Rs 447.35 per kg in business turnover of 1,942 lots.
Similarly, the metal for delivery in April traded lower by Rs 3.65, or 0.80%, to Rs 453.50 per kg in 57 lots.
Analysts attributed the fall in copper futures to weak global cues as traders turned their attention to the likelihood of stimulus cuts by the US Federal Reserve.
Meanwhile, copper fell 0.40% to $7,065 a tonne on the London Metal Exchange.
At the Multi Commodity Exchange, copper for delivery in February fell Rs 3.95, or 0.88%, to Rs 447.35 per kg in business turnover of 1,942 lots.
Similarly, the metal for delivery in April traded lower by Rs 3.65, or 0.80%, to Rs 453.50 per kg in 57 lots.
Analysts attributed the fall in copper futures to weak global cues as traders turned their attention to the likelihood of stimulus cuts by the US Federal Reserve.
Meanwhile, copper fell 0.40% to $7,065 a tonne on the London Metal Exchange.
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First Published: Dec 05 2013 | 1:02 PM IST