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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