Copper marginally down in futures trade on weak global cues

The metal for delivery in November was down 15 paise, or 0.05 per cent, to Rs 321.85 per kg in 151 lots.

By: PTI | New Delhi | Published: October 6, 2016 12:39 pm
copper, copper trade, copper futures trade, futures trade, Multi commodity exchange, copper, domestic spot markets, business, business news, market Analysts attributed the fall in copper futures to a weak global trend where metal weakened coupled with low demand form consuming industries at the domestic spot markets.

Copper futures traded a shade lower at Rs 327.65 per kg on Thursday as speculators reduced their positions amid weak global cues.

At the Multi Commodity Exchange, copper for delivery in far-month February shed 30, or 0.09 per cent, to Rs 327.65 per kg, in a business turnover of one lot.

Similarly, the metal for delivery in November was down 15 paise, or 0.05 per cent, to Rs 321.85 per kg in 151 lots.

Analysts attributed the fall in copper futures to a weak global trend where metal weakened coupled with low demand form consuming industries at the domestic spot markets.

For all the latest Business News, download Indian Express App

    Live Cricket Scores & Results