 "Copper down 0.5% on global cues, subdued demand")
Amid weak global cues and subdued domestic demand, copper prices fell 0.52% to Rs 404.70 per kg in futures trade today on speculators reducing their positions.
At the Multi Commodity Exchange, copper for delivery in April eased by Rs 1.10, or 0.52%, to Rs 404.70 per kg in business turnover of 2,489 lots.
Similarly, the metal for delivery in June traded lower by Rs 1.05, or 0.51%, to Rs 408.35 per kg in 205 lots.
Meanwhile, copper for delivery in three months dropped as much as 0.2% to $6,653 per tonne on the London Metal Exchange, while in Shanghai the metal for delivery in July lost 0.2% to 46,690 yuan ($7,502) a tonne.
At the Multi Commodity Exchange, copper for delivery in April eased by Rs 1.10, or 0.52%, to Rs 404.70 per kg in business turnover of 2,489 lots.
Similarly, the metal for delivery in June traded lower by Rs 1.05, or 0.51%, to Rs 408.35 per kg in 205 lots.
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Analysts attributed fall in copper futures to weak global trend and subdued demand in the domestic spot markets.
Meanwhile, copper for delivery in three months dropped as much as 0.2% to $6,653 per tonne on the London Metal Exchange, while in Shanghai the metal for delivery in July lost 0.2% to 46,690 yuan ($7,502) a tonne.