Prices of copper and zinc fell by Rs 2 per kg at the non-ferrous metal market today on the back of a weak trend overseas amid subdued demand from consuming industries at domestic spot market.
Traders said besides weak trend overseas after the UK's decision to exit the European Union saw investors exit assets linked to economic growth, easing demand from consuming industries at domestic spot market mainly kept pressure on copper and zinc prices.
Meanwhile, copper for three-month delivery fell 1.7 per cent to USD 4,698 per tonne at the London Metal Exchange.
In the national capital, copper mixed scrap and zinc ingot drifted lower by Rs 2 each to Rs 368 and Rs 92-98 per kg respectively.
Following are today's metal rates (in Rs per kg):
Zinc ingot Rs 92-98, Nickel plate (4x4) Rs 850-855, gun metal scrap Rs 227, Bell metal scrap Rs 229, copper mixed scrap Rs 368, chadri deshi Rs 295.
Lead ingot Rs 76, lead imported Rs 82, aluminium ingots Rs 150, aluminium sheet cutting Rs 146, aluminium wire scrap Rs 146 and aluminium utensils scrap Rs 144.
