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Published on 10/12/2019 4:16:01 PM | Source: Dion Global Solutions Ltd

Copper futures down on weak demand

Posted in Top Stories| #Copper #Commodity

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Copper futures were trading lower during the noon trade in the domestic market on Tuesday as investors reduced their bets, taking weak cues from the global market. Traders said apart from subdued trend overseas, weak demand at spot market mainly pushed down copper prices.

At the MCX, copper futures for December 2019 contract is trading at Rs 439.15 per kg, down by 0.08 per cent, after opening at Rs 438.25, against a previous close of Rs 439.50. It touched the intra-day low of Rs 437.50(at 15:34 hours).