 "Copper weakens by 0.6% on overseas cues")
Amid a weak trend in the global market and subdued domestic demand, copper prices fell 0.60% in futures trade today.
At Multi Commodity Exchange, copper for delivery in November fell Rs 2.05, or 0.60%, to Rs 340.50 per kg in a business turnover of 72 lots.
On similar lines, metal for delivery in August contracts shed Rs 1.65, or 0.49%, to Rs 333.75 per kg in 956 lots.
Globally, copper for delivery in three months retreated as much as 0.70% to $5,195 a tonne on the London Metal Exchange after slumping 9.3% in July.
At Multi Commodity Exchange, copper for delivery in November fell Rs 2.05, or 0.60%, to Rs 340.50 per kg in a business turnover of 72 lots.
On similar lines, metal for delivery in August contracts shed Rs 1.65, or 0.49%, to Rs 333.75 per kg in 956 lots.
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Analysts attributed the fall in copper futures to weak global cues where the metal extended its biggest monthly drop since January after manufacturing data in China indicated weak demand in the world's biggest metal consumer.
Globally, copper for delivery in three months retreated as much as 0.70% to $5,195 a tonne on the London Metal Exchange after slumping 9.3% in July.