Indian commodity
Base Matel Copper prices fell by 0.23 per cent to Rs 363 per kg for
Future trade today as speculators reduced positions amid a weak trend
overseas and low demand in the spot market.
the Mcx copper
for delivery in April shed 85 paise, or 0.23 per cent, to Rs 363 per
kg in a business turnover of 83 lots.
Likewise, the metal for delivery in February traded lower by 70 paise, or 0.19 per cent, to Rs 358.75 per kg in 2,459 lots.
Likewise, the metal for delivery in February traded lower by 70 paise, or 0.19 per cent, to Rs 358.75 per kg in 2,459 lots.
the fall in
copper prices at futures trade was largely in tune with a weak trend
in base metals at the (LME).
Besides, low demand from
domestic industries had a negative impact, they said. Meanwhile, copper for delivery in three months retreated 0.20 per cent to USD 5,738.50 a metric tonne at the LME. In New York, futures for May delivery slid 0.20 per cent to USD 2.61 per pound.by 0.23 per cent to Rs 363 per kg for Future trade today as speculators reduced positions amid a weak trend overseas and low demand in the spot market.
Gold
was little changed on Friday.the metal was headed for its fourth
straight weekly dip as a last-minute deal was expected to break the
impasse over the Mediterranean country's bailout programme. Spot gold
was steady at $1,207.60 an ounce by 0736 GMT, after dropping 0.5
percent in the previous session. The metal has lost 1.8 percent for
the week so far, also dipping below the key $1,200 level briefly on
Wednesday.
Spot
gold was steady at $1,207.60 an ounce by 0736 GMT, after dropping 0.5
percent in the previous session. The metal has lost 1.8 percent for the
week so far, also dipping below the key $1,200 level briefly on
Wednesday.
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