Copper mineral extended its losses in futures trade today, decreasing by 0. 56% to Rs 417. 85 per kg amid a weak trend about the London Metal Exchange and subdued domestic demand.
In the Multi Commodity Exchange, copper for delivery in The fall of declined by Rs 2. 35, or 0. 56%, in order to Rs 417. 85 per kg, with a company turnover of 2, 753 lots. It had dropped 0. 13% in the previous session.
Similarly, the actual metal for delivery in far-month February eased through Rs 2. 30, or 0. 54%, to Rs 422 for each kg, with a trade turnover of 174 plenty.
Analysts said the decline in copper futures prices was as a result of weak trend on the London Metal Exchange on concerns about the high unemployment rate in america and skyrocketing inflation in China, the world's largest consumer from the metal.
Meanwhile, copper for three-month delivery was lower by 0. 44% to $9, 036 a tonne about the London Metal Exchange.
In the Multi Commodity Exchange, copper for delivery in The fall of declined by Rs 2. 35, or 0. 56%, in order to Rs 417. 85 per kg, with a company turnover of 2, 753 lots. It had dropped 0. 13% in the previous session.
Similarly, the actual metal for delivery in far-month February eased through Rs 2. 30, or 0. 54%, to Rs 422 for each kg, with a trade turnover of 174 plenty.
Analysts said the decline in copper futures prices was as a result of weak trend on the London Metal Exchange on concerns about the high unemployment rate in america and skyrocketing inflation in China, the world's largest consumer from the metal.
Meanwhile, copper for three-month delivery was lower by 0. 44% to $9, 036 a tonne about the London Metal Exchange.