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Copper futures shed 1.22% on weak global cues, muted demand

Press Trust of India  |  New Delhi 

Amid weak trends overseas and muted demand at domestic spot markets, futures fell 1.22 per cent to Rs 453.10 per kg Thursday as speculators

trimmed their positions.

At Multi Commodity Exchange, for delivery in November declined by Rs 5.60, or 1.22 per cent, to Rs 453.10 per kg in a business turnover of 1,160 lots.

Analysts attributed the fall to off-loading of positions by speculators, tracking a weak trend in the base metals pack overseas and subdued spot demand.

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

First Published: Thu, October 11 2018. 12:20 IST