Copper futures fall 1.13 per cent on global cues

Copper prices fell by 1.13 per cent to Rs 457.80 per kg in futures trade today as speculators offloaded their positions in tandem with a weak global trend.
At the Multi Commodity Exchange, copper for delivery in February fell by Rs 5.25, or 1.13 per cent to Rs 457.80 per kg in business turnover of 17,241 lots.
Similarly, the metal for delivery in April declined by Rs 4.90, or 1.05 per cent to Rs 462.75 per kg in 575 lots.
Market analysts said offloading of position by speculators in line with a weak global trend, mainly weighed on copper futures prices here.

Meanwhile, copper for delivery in three months retreated 1.2 per cent to USD 7,259 a tonne, the lowest level since December 24 on the London Metal Exchange.