Copper futures fall 0.46% on global cues, low demand
At the Multi Commodity Exchange, copper for delivery this month shed Rs 1.55, or 0.46 per cent, to Rs 333.35 per kg.
By PTI | Updated:
NEW DELHI: Copper prices fell by 0.46 per cent to Rs 332.35 per kg in futures trade today amid a weak trend in global markets and subdued spot demand.
At the Multi Commodity Exchange, copper for delivery this month shed Rs 1.55, or 0.46 per cent, to Rs 333.35 per kg in a business turnover of 1,045 lots.
The metal for delivery in far-month November traded lower by Rs 1.45, or 0.43 per cent, to Rs 3339.55 per kg in 13 lots.
Analysts attributed fall in copper futures to weak global cues on speculation US interest rates will be increased as soon as next month, lifting the dollar to a four-month higher, diminishing demand for the commodities including base metals.
Globally, copper for delivery in three months fell 0.9 per cent, to USD 5,199.50 per tonne on the London Metal Exchange.
At the Multi Commodity Exchange, copper for delivery this month shed Rs 1.55, or 0.46 per cent, to Rs 333.35 per kg in a business turnover of 1,045 lots.
The metal for delivery in far-month November traded lower by Rs 1.45, or 0.43 per cent, to Rs 3339.55 per kg in 13 lots.
Analysts attributed fall in copper futures to weak global cues on speculation US interest rates will be increased as soon as next month, lifting the dollar to a four-month higher, diminishing demand for the commodities including base metals.
Globally, copper for delivery in three months fell 0.9 per cent, to USD 5,199.50 per tonne on the London Metal Exchange.
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