Moneycontrol
Last Updated : Nov 05, 2018 01:56 PM IST | Source: PTI

Copper futures slide on weak global cues

At the Multi Commodity Exchange, copper for delivery in current month declined by Rs 1.15, or 0.37 per cent, to Rs 449.60 per kg in a business turnover of 1,348 lots.

Amid a weak trend overseas and muted demand from consuming industries in the domestic spot market, copper futures fell by 0.37 per cent on Monday as speculators cut down their holdings.

At the Multi Commodity Exchange, copper for delivery in current month declined by Rs 1.15, or 0.37 per cent, to Rs 449.60 per kg in a business turnover of 1,348 lots.

Traders said off-loading of positions by speculators amid weak global cues and muted demand at domestic spot markets, led to fall in copper prices at futures trade here.
First Published on Nov 5, 2018 12:50 pm
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