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This is an archive article published on August 28, 2012

Copper future prices down 0.52

Copper prices declined by 0.52 per cent to Rs 428.75 per kg in futures trade today in line with a weakening trend overseas amid sluggish domestic demand. At Multi Commodity Exchange,copper for delivery in November declined by Rs 2.25,or 0.52 per cent,to Rs 428.75 per kg,with a business turnover of 18 lots. Similarly,the metal for hellip;

Copper prices declined by 0.52 per cent to Rs 428.75 per kg in futures trade today in line with a weakening trend overseas amid sluggish domestic demand.

At Multi Commodity Exchange,copper for delivery in November declined by Rs 2.25,or 0.52 per cent,to Rs 428.75 per kg,with a business turnover of 18 lots.

Similarly,the metal for delivery in August traded lower by Rs 2,or 0.50 per cent,to Rs 424.75 per kg,with a business turnover of 11 lots.

Marketmen said besides sluggish domestic demand,a weak trend in overseas markets on speculation that US policy makers will not embark on a fresh round of stimulus,led to a fall in copper prices at futures trade.

Meanwhile,copper for three-month delivery slipped as much as one per cent to USD 7,565 a tonne on the London Metal Exchange,the cheapest since August 22.

 

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