Copper falls by 0.3% on weak global cues
Besides, subdued demand at domestic spot markets weighed on the prices
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Amidst a weak trend in the global market and subdued spot demand, copper prices fell 0.26% to Rs 419.60 per kg in futures trade today.
At the Multi Commodity Exchange, copper for delivery in far-month February shed Rs 1.10, or 0.26%, to Rs 419.60 per kg business turnover of five lots.
Metal for delivery in month shed 85 paise, or 0.20%, to Rs 414.20 per kg in a turnover of 132 lots.
Analysts attributed the fall in copper futures to weak global cues amid data showing property prices declined a second month in China, the largest metals consumer, and after weaker industrial production data in the US.
Besides, subdued demand at domestic spot markets weighed on the prices, they said.
At the Multi Commodity Exchange, copper for delivery in far-month February shed Rs 1.10, or 0.26%, to Rs 419.60 per kg business turnover of five lots.
Metal for delivery in month shed 85 paise, or 0.20%, to Rs 414.20 per kg in a turnover of 132 lots.
Analysts attributed the fall in copper futures to weak global cues amid data showing property prices declined a second month in China, the largest metals consumer, and after weaker industrial production data in the US.
Besides, subdued demand at domestic spot markets weighed on the prices, they said.
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First Published: Nov 18 2014 | 11:00 AM IST