Copper falls by 0.5% on overseas cues
Subdued domestic demand also affected prices
 "Copper falls by 0.5% on overseas cues")
Copper prices fell 0.48% in futures trade today amid a weak trend in the global market and subdued domestic demand.
At the Multi Commodity Exchange, copper for delivery in far-month April next year shed Rs 1.50, or 0.48%, to Rs 308.35 per kg in a business turnover of one lot.
On similar lines, metal for delivery in February was down by Rs 1.40, or 0.45%, to Rs 308.35 per kg in 330 lots.
Analysts attributed the fall in copper futures to weak global cues amid concerns about demand from China and the prospect of an imminent US rate hike and low demand at the domestic spot markets here.
Globally, copper for delivery in three months retreated as much as 0.30% to $4,542 per tonne in Shanghai.
At the Multi Commodity Exchange, copper for delivery in far-month April next year shed Rs 1.50, or 0.48%, to Rs 308.35 per kg in a business turnover of one lot.
On similar lines, metal for delivery in February was down by Rs 1.40, or 0.45%, to Rs 308.35 per kg in 330 lots.
Analysts attributed the fall in copper futures to weak global cues amid concerns about demand from China and the prospect of an imminent US rate hike and low demand at the domestic spot markets here.
Globally, copper for delivery in three months retreated as much as 0.30% to $4,542 per tonne in Shanghai.
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First Published: Dec 04 2015 | 11:13 AM IST