Copper down by 0.1% on global cues
Subdued demand at domestic spot markets also affected prices
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Amid a weak trend in global markets and subdued spot demand, copper futures traded a shade lower at Rs 421 per kg today as speculators reduced their exposures.
At the Multi Commodity Exchange, copper for delivery in far-month August shed 25 paise, or 0.06%, to Rs 421 per kg in business turnover of 11 lots.
The metal for delivery in June traded a shade lower by 20 paise, or 0.05%, to Rs 416.25 per kg in 340 lots.
Analysts attributed fall in copper futures to weak global cues and subdued demand at domestic spot markets.
Globally, copper for delivery in three months slid 0.1%, to $6,395 per tonne on the London Metal Exchange, while metal for delivery in July rose 0.1% to 45,890 yuan ($7,392 a tonne on the Shanghai Futures Exchange.
At the Multi Commodity Exchange, copper for delivery in far-month August shed 25 paise, or 0.06%, to Rs 421 per kg in business turnover of 11 lots.
The metal for delivery in June traded a shade lower by 20 paise, or 0.05%, to Rs 416.25 per kg in 340 lots.
Analysts attributed fall in copper futures to weak global cues and subdued demand at domestic spot markets.
Globally, copper for delivery in three months slid 0.1%, to $6,395 per tonne on the London Metal Exchange, while metal for delivery in July rose 0.1% to 45,890 yuan ($7,392 a tonne on the Shanghai Futures Exchange.
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First Published: May 08 2015 | 11:22 AM IST