 "Copper sheds 0.61% on weak global cues")
Copper prices fell 0.61 per cent to Rs 404.90 per kg in futures trade today, amid a weak trend in the global market and subdued spot demand.
At the Multi Commodity Exchange, copper for delivery in June shed Rs 2.50, or 0.61 per cent, to Rs 404.90 per kg business turnover of 2,910 lots.
August copper traded lower by Rs 2.15, or 0.52 per cent, to Rs 408.90 per kg in 278 lots.
Globally, copper for delivery in three months fell 0.3 per cent, to $6,691.50 a tonne on the London Metal Exchange while in Shanghai, metal for delivery in August declined 0.4 per cent to 47,950 yuan ($7,701) a tonne.
At the Multi Commodity Exchange, copper for delivery in June shed Rs 2.50, or 0.61 per cent, to Rs 404.90 per kg business turnover of 2,910 lots.
August copper traded lower by Rs 2.15, or 0.52 per cent, to Rs 408.90 per kg in 278 lots.
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Analysts attributed the fall in copper futures to weak global cues as the US Federal Reserve continued its cut in bond-purchase programme, which has a negative impact on the broader-market.
Globally, copper for delivery in three months fell 0.3 per cent, to $6,691.50 a tonne on the London Metal Exchange while in Shanghai, metal for delivery in August declined 0.4 per cent to 47,950 yuan ($7,701) a tonne.