 "Copper falls by 0.3% on global cues")
Amid a weak trend overseas and profit-booking by speculators after recent gains, copper prices fell by 0.32% to Rs 485.35 per kg in futures trade today.
At the Multi Commodity Exchange, copper for delivery in August month fell by Rs 1.55, or 0.32%, to Rs 485.35 per kg in business turnover of 1,326 lots.
Similarly, the metal for delivery in November traded lower by 85 paise, or 0.17% to Rs 495.75 per kg in 1,424 lots.
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Analysts attributed the fall in copper futures to a weak global trend after a report showing stronger-than-expected US economic growth bolstered speculation that the Federal Reserve will start to slow stimulus next month.
Besides, profit-booking by speculators after recent gain also weighed on copper prices, they said.
Meanwhile, copper fell 1.9% to trade at three-week low of 7,153 dollar a tonne on the London Metal Exchange.