 "Copper falls by 0.5% on global cues")
Copper prices fell by 0.46% to Rs 332.35 per kg in futures trade today amid a weak trend in global markets and subdued spot demand.
At the Multi Commodity Exchange, copper for delivery this month shed Rs 1.55, or 0.46%, to Rs 333.35 per kg in a business turnover of 1,045 lots.
The metal for delivery in far-month November traded lower by Rs 1.45, or 0.43%, to Rs 3339.55 per kg in 13 lots.
Globally, copper for delivery in three months fell 0.9%, to $5,199.50 per tonne on the London Metal Exchange.
At the Multi Commodity Exchange, copper for delivery this month shed Rs 1.55, or 0.46%, to Rs 333.35 per kg in a business turnover of 1,045 lots.
The metal for delivery in far-month November traded lower by Rs 1.45, or 0.43%, to Rs 3339.55 per kg in 13 lots.
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Analysts attributed fall in copper futures to weak global cues on speculation US interest rates will be increased as soon as next month, lifting the dollar to a four-month higher, diminishing demand for the commodities including base metals.
Globally, copper for delivery in three months fell 0.9%, to $5,199.50 per tonne on the London Metal Exchange.