Copper in reverse gear as risk aversion climbs

05/06/2017 14:27

Copper futures slipped over 1 per cent during afternoon trade in the domestic market on Monday as investors and speculators exited their positions in the industrial metal as risk aversion climbed following a terror attack in London.

However, falling mine supply growth, restricted further fall in copper prices.

At the MCX, copper futures for June 2017 contract is trading at Rs 363.20 per kg, down by 1.05 per cent, after opening at Rs 365.60, against a previous close of Rs 367.05. It touched the intra-day low of Rs 361.80 (at 14:18 hours).

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