 "Copper down 0.6% on overseas cues, profit-booking")
Amid a weak trend in the global market and profit-booking by speculators, copper prices fell by 0.67% in futures trade today.
At the Multi Commodity Exchange, copper for delivery in June fell by Rs 2.80, or 0.67%, to Rs 413.15 per kg in business turnover of 1,510 lots.
The metal's prices for delivery in far-month August shed Rs 2.65, or 0.63%, to trade at Rs 415.50 per kg in a turnover of 35 lots.
Globally, copper for delivery in three months retreated as much as 0.60%, to $6,892 a tonne on the London Metal Exchange, while the metal for delivery in August on the Shanghai Futures Exchange traded little changed at 48,630 yuan ($7,784) a tonne.
At the Multi Commodity Exchange, copper for delivery in June fell by Rs 2.80, or 0.67%, to Rs 413.15 per kg in business turnover of 1,510 lots.
The metal's prices for delivery in far-month August shed Rs 2.65, or 0.63%, to trade at Rs 415.50 per kg in a turnover of 35 lots.
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Analysts attributed the fall in copper futures to weak global cues as a private gauge of China's manufacturing missed estimates, curbing demand prospects from the world's biggest user of the metals.
Globally, copper for delivery in three months retreated as much as 0.60%, to $6,892 a tonne on the London Metal Exchange, while the metal for delivery in August on the Shanghai Futures Exchange traded little changed at 48,630 yuan ($7,784) a tonne.