Thursday, November 3, 2016

Base Metal: Copper futures in reverse gear in noon

In the domestic market on Thursday Copper futures were little changed during the afternoon trade as participants trimmed their positions in the industrial metal amid drop in physical demand for copper in the domestic spot market.

Moreover, the prices for copper declined in the domestic markets due to a fall in demand for metal at the futures trade.

At the MCX, for Nov. 2016 contract copper futures is trading at Rs 328.15 per kg, downward by 0.06 %, after opening at Rs 328.20, against a previous close of Rs 328.35. It touched the intra-day lower of Rs 327.85.