Copper falls 0.2% on weak global cues
Prices fell as speculators offloaded their positions
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Copper futures for August fell Rs 2.85, or 0.21%, to Rs 406.40 per kg in 339 lots.
At the Multi Commodity Exchange (MCX), the June contract traded lower by 60 paise, or 0.15%, to Rs 402 per kg in 5,370 lots.
Prices fell as speculators offloaded their positions.
On the London Metal Exchange (LME), copper fell 1.1% to $7,275.25 a tonne on demand concerns on speculation that inflation may accelerate in China, curbing further stimulus.
At the Multi Commodity Exchange (MCX), the June contract traded lower by 60 paise, or 0.15%, to Rs 402 per kg in 5,370 lots.
Prices fell as speculators offloaded their positions.
On the London Metal Exchange (LME), copper fell 1.1% to $7,275.25 a tonne on demand concerns on speculation that inflation may accelerate in China, curbing further stimulus.
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First Published: May 10 2013 | 2:32 PM IST