NEW DELHI, July 23: Copper prices moved down by 0.19 per cent to Rs 428.15 per kg in futures trade today as speculators reduced positions amid a weak trend overseas and subdued demand in the spot market.
At the Multi Commodity Exchange, copper for delivery in August shed 80 paise, or 0.19 per cent, to Rs 428.15 per kg in a business turnover of 955 lots.
Likewise, the metal for delivery in far-month November traded lower by 80 paise, or 0.18 per cent, to Rs 435.60 per kg in 10 lots.
Analysts said the fall in copper prices at futures trade was largely in line with a weak trend in select base metals at the London Metal Exchange (LME) ahead of data on China’s manufacturing and subdued demand at domestic spot market.
Meanwhile, copper for delivery in three months retreated 0.20 per cent to USD 2,038.25 a metric tonne at the London Metal Exchange. (PTI)
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