You are here: Home » PTI Stories » National » News
Business Standard

Copper futures slide on weak global cues

Topics
Business Finance

Press Trust of India  |  New Delhi 

Amid a weak trend overseas and muted demand from consuming industries in the domestic spot market, copper futures fell by 0.37 per cent on Monday as speculators cut down their holdings.

At the Multi Commodity Exchange, copper for delivery in current month declined by Rs 1.15, or 0.37 per cent, to Rs 449.60 per kg in a business turnover of 1,348 lots.

Traders said off-loading of positions by speculators amid weak global cues and muted demand at domestic spot markets, led to fall in copper prices at futures trade here.

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

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, November 05 2018. 12:35 IST
RECOMMENDED FOR YOU