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Copper futures down 0.21% on global cues, low demand

Press Trust of India  |  New Delhi 

Amid a weak trend overseas, prices fell 0.21 per cent to Rs 408.90 per kg in futures trade Tuesday as participants trimmed bets.

Moreover, muted demand from consuming industries in the spot market weighed on prices.

At the Multi Commodity Exchange, for delivery in February was trading lower by 85 paise, of 0.21 per cent, to Rs 408.90 per kg, in a business turnover of 2,253 lots.

Analysts said cutting down of bets by participants in line with weak overseas trends and low demand at the domestic physical market kept pressure on futures here.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 08 2019. 10:50 IST