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Copper futures down on weak global cues

Copper prices fell by Rs 1.85 to Rs 435.55 per kg in futures trade today.

Written by Agencies | New Delhi | Published: March 28, 2012 12:46:57 pm

Tracking a weak trend in overseas markets,copper prices fell by Rs 1.85 to Rs 435.55 per kg in futures trade today.

Also,subdued demand at spot markets also kept pressure on the metal prices at futures trade.

At the Multi Commodity Exchange,copper for delivery in April fell by Rs 1.85,or 0.40 per cent,to Rs 435.55 per kg in business turnover of 10,790 lots.

Similarly,the metal for delivery in June shed Rs 1.65,or 0.37 per cent,to Rs 440.10 per kg in 713 lots.

Market analysts said the fall in copper prices at futures trade was mostly attributed to a weak trend in global markets besides sluggish demand at domestic spot markets.

Meanwhile,copper for delivery in three-month declined 0.8 per cent USD 8,471 a tonne on the London Metal Exchange.

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