20-11-2011
Copper futures down on global cues
Copper futures prices fell by Rs 3.40 to Rs 403.05 per kg today as speculators offloaded their positions due to a weak global trend.
At the Multi Commodity Exchange, copper for delivery in June fell by Rs 3.40, or 0.84 per cent, to Rs 403.05 per kg, with a business turnover of 1,730 lots.
Similarly, the metal for delivery in August lost Rs 3.30, or 0.80 per cent, to Rs 408.65 per kg, with a trade volume of 211 lots.
Traders said fresh selling in tandem with weakening global trend mainly led to fall in copper futures prices.
Meanwhile, copper for three-month copper fell 0.6 per cent to USD 9,043.50 a tonne on the London Metal Exchange .
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