 "Copper declines by 0.5% on global cues")
Copper prices fell 0.49% to Rs 378.75 per kg in futures trade today as speculators trimmed positions amid a weak trend overseas and sluggish demand in the spot market.
At the Multi Commodity Exchange, copper for delivery in April declined by Rs 1.85, or 0.49%, to Rs 378.75 per kg in a business turnover of 376 lots.
On similar lines, the metal for delivery in June shed Rs 1.80, or 0.48%, to Rs 383.45 per kg in six lots.
Meanwhile, copper for delivery in three months retreated 0.5% to$6,035 per tonne on the London Metal Exchange, while in Shanghai the metal for June contracts slipped 0.1% to 43,460 yuan a tonne.
At the Multi Commodity Exchange, copper for delivery in April declined by Rs 1.85, or 0.49%, to Rs 378.75 per kg in a business turnover of 376 lots.
On similar lines, the metal for delivery in June shed Rs 1.80, or 0.48%, to Rs 383.45 per kg in six lots.
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Analysts attributed the fall in copper prices at futures trade to a weak trend in base metals overseas ahead of minutes of the Federal Reserve's March meeting and as the IMF forecast sustained weakness in global economic growth.
Meanwhile, copper for delivery in three months retreated 0.5% to$6,035 per tonne on the London Metal Exchange, while in Shanghai the metal for June contracts slipped 0.1% to 43,460 yuan a tonne.