 "Copper down 0.4% on weak global cues")
Copper prices fell 0.45% to Rs 419.70 per kg in futures trade today as speculators trimmed positions amid a weak global trend.
At the Multi Commodity Exchange, copper for delivery in November fell by Rs 1.90, or 0.45%, to Rs 419.70 per kg in a business turnover of 321 lots.
Similarly, the metal for delivery in February traded lower by Rs 1.50, or 0.35%, to Rs 425.10 per kg in 10 lots.
Meanwhile, copper for delivery in three months fell 0.5% to USD 6,778.25 a metric tonne on the London Metal Exchange.
At the Multi Commodity Exchange, copper for delivery in November fell by Rs 1.90, or 0.45%, to Rs 419.70 per kg in a business turnover of 321 lots.
Similarly, the metal for delivery in February traded lower by Rs 1.50, or 0.35%, to Rs 425.10 per kg in 10 lots.
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Analysts attributed the fall in copper futures to weak global trend as the Federal Reserve's decision to end its bond-purchase programme strengthened the dollar, reducing the appeal of commodities as an alternative investment.
Meanwhile, copper for delivery in three months fell 0.5% to USD 6,778.25 a metric tonne on the London Metal Exchange.