Thursday, October 6, 2016

Today Copper futures drop during noon

In the domestic market Copper futures were trading lower during the afternoon trade on Thursday as participants exited their positions in the industrial metal on lower physical demand for copper form consuming industries coupled with weak overseas cues.

Further, the slide in prices for copper was attributed to a weak global trend where metal weakened and a decrease in demand form consuming industries at the domestic spot markets, too influenced copper prices at futures trade.

At the MCX, copper futures for Nov 2016 contract is trading at Rs 321.30 per kg, downward by 0.22 %, after opening at Rs 322.10, against a previous close of Rs 322. It touched the intra-day low of Rs 319.80.

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