Copper futures down 0.35% on global cues, low demand

NEW DELHI: Amid weak global trend and subdued domestic demand, copper prices were down 0.35 per cent to Rs 330 per kg in futures trade today.

At the Multi Commodity Exchange, copper for delivery in August fell Rs 1.15, or 0.35 per cent to Rs 330 per kg in business turnover of 2,999 lots.

Likewise, the metal for delivery in November contracts traded lower 50 paise, or 0.15 per cent to Rs 337.25 per kg in 78 lots.

Analysts attributed fall in copper futures to weak global cues and sluggish demand from consuming industries in the spot market.

Globally, copper dropped 1.3 per cent to 37,560 yuan a metric tonne at Shanghai.