 "Copper falls by 0.8% on weak global cues")
Copper futures fell 0.80% to Rs 353 per kg today as speculators booked profits amid a weak trend in global markets.
Besides, subdued demand at domestic spot markets, also put pressure on prices.
At the Multi Commodity Exchange, copper for delivery in February declined by Rs 2.85, or 0.80%, to Rs 353 per kg in a business turnover of 727 lots.
Analysts said apart from a weak trend in copper overseas, profit-booking and subdued demand at domestic spot markets, mainly weighed on metal prices at futures trade here.
Globally, copper for delivery in three-months traded 0.3% lower at $5,676 per tonne at the London Metal Exchange, while in Shanghai, metal for the March month was little changed at 41,310 yuan ($6,646) a tonne.
Besides, subdued demand at domestic spot markets, also put pressure on prices.
At the Multi Commodity Exchange, copper for delivery in February declined by Rs 2.85, or 0.80%, to Rs 353 per kg in a business turnover of 727 lots.
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The metal for delivery in far-month April fell by Rs 2.45, or 0.68%, to Rs 357.70 per kg in a business volume of 9 lots.
Analysts said apart from a weak trend in copper overseas, profit-booking and subdued demand at domestic spot markets, mainly weighed on metal prices at futures trade here.
Globally, copper for delivery in three-months traded 0.3% lower at $5,676 per tonne at the London Metal Exchange, while in Shanghai, metal for the March month was little changed at 41,310 yuan ($6,646) a tonne.