 "Copper falls by 0.4% on weak global cues")
Copper futures fell 0.36% to Rs 341.25 per kg today as speculators trimmed their positions amid a weak trend in global markets.
Low demand from consuming industries at domestic spot market also put pressure on prices.
At the Multi Commodity Exchange, copper for delivery in November contracts declined by Rs 1.25, or 0.36%, to Rs 341.25 per kg in a business turnover of 3,417 lots.
Analysts said a weak trend in copper and other base metals overseas and sluggish demand at domestic spot market mainly weighed on metal prices at futures trade here.
Globally, copper for delivery in three-month retreated 0.2% at the London Metal Exchange.
Low demand from consuming industries at domestic spot market also put pressure on prices.
At the Multi Commodity Exchange, copper for delivery in November contracts declined by Rs 1.25, or 0.36%, to Rs 341.25 per kg in a business turnover of 3,417 lots.
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The metal for delivery in February fell Rs 1.15, or 0.33%, to Rs 347.35 per kg in a business volume1 of 30 lots.
Analysts said a weak trend in copper and other base metals overseas and sluggish demand at domestic spot market mainly weighed on metal prices at futures trade here.
Globally, copper for delivery in three-month retreated 0.2% at the London Metal Exchange.