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Copper futures slip on subdued global cues

Press Trust of India  |  New Delhi 

Copper futures traded 0.39 per cent lower at Rs 454.15 per kg on Tuesday as investors reduced their bets, taking weak cues from the global market.

Traders said apart from subdued trend overseas, weak demand at spot market mainly pushed down copper prices.

On the Multi Commodity Exchange, copper contracts for September delivery shed Rs 1.80, or 0.39 per cent, to Rs 454.15 per kg in a business turnover of 1,726 lots.

Similarly, copper contracts for October delivery traded down by Rs 2.20, or 0.48 per cent, to Rs 455.45 per kg in a business turnover of 109 lots

In the international market, the metal was quoting lower by 0.90 per cent to USD 263.15 per pound in New York.

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

First Published: Tue, September 17 2019. 11:40 IST
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