NEW DELHI, July 2: Copper and nickel prices fell by Rs 2 per kg each at the local non-ferrous metals market today amid a weakening trend in global markets.
Besides, subdued demand from consuming industries at domestic spot markets also put pressure on prices.
Traders said sentiment weakened after copper retreated from a 16-week high in global markets as some investors judged the recent rally was excessive.
Meanwhile, copper for delivery in three months declined 0.4 per cent to USD 6,995 per tonne at the London Metal Exchange.
In the national capital, copper mixed scrap and nickel (4×4) declined by Rs 2 each to Rs 444 and Rs 1,092-1,098 per kg, respectively.
Following are today’s metal rates (in Rs per kg):
Zinc ingot 111-117, Nickel plate (4×4) 1,092-1,098, Gun metal scrap 227, Bell metal scrap 229, Copper mixed scrap 444, Chadri deshi 285. Lead ingot 115, Lead imported 113, Aluminium ingots 155, Aluminium sheet cutting 156, Aluminium wire scrap 158 and Aluminium utensils scrap 155. (PTI)
Follow our WhatsApp channel