 "Copper down 0.3% on weak Asian cues")
Tracking a weak Asian trend on slowing growth concerns, copper prices fell by 0.32% to Rs 419.15 per kg in futures trade today as speculators offloaded their positions.
At the Multi Commodity Exchange, copper for delivery in this month fell Rs 1.35, or 0.32%, to Rs 419.15 per kg in business turnover of 2,370 lots.
Similarly, zinc for delivery in August traded lower by Rs 1.30, or 0.31%, to Rs 424.40 per kg in 186 lots.
Meanwhile, copper for delivery in three months fell 0.6%, to $7,410 a tonne on the London Metal Exchange.
At the Multi Commodity Exchange, copper for delivery in this month fell Rs 1.35, or 0.32%, to Rs 419.15 per kg in business turnover of 2,370 lots.
Similarly, zinc for delivery in August traded lower by Rs 1.30, or 0.31%, to Rs 424.40 per kg in 186 lots.
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Analysts attributed the fall in copper futures to weak global cues as concern that growth is slowing in China, the world's biggest user, outweighed the shutdown of the world's second-biggest mine in Indonesia.
Meanwhile, copper for delivery in three months fell 0.6%, to $7,410 a tonne on the London Metal Exchange.