 "Copper down by 0.8% on overseas cues")
Tracking a weak trend in base metals overseas and subdued domestic demand, copper prices fell by 0.79% to Rs 333.30 per kg in futures trade today, as traders trimmed positions.
Analysts attributed the fall in copper futures to a weak trend in base metals following disappointing China's latest PMI data.
China's April official manufacturing purchasing managers index fell to 50.1 from 50.2 in March, signalling a modest weakening of momentum for the world's second-largest economy despite easy-credit policies and a stronger real-estate market.
At the Multi Commodity Exchange, copper for delivery in June fell by Rs 2.65, or 0.79%, to Rs 333.30 per kg, in a business turnover of 1,290 lots.
The metal for delivery in far-month August also fell by a similar margin to trade at Rs 337.65 per kg in a turnover of nine lots.
Analysts attributed the fall in copper futures to a weak trend in base metals following disappointing China's latest PMI data.
Read more from our special coverage on "COPPER PRICES"
China's April official manufacturing purchasing managers index fell to 50.1 from 50.2 in March, signalling a modest weakening of momentum for the world's second-largest economy despite easy-credit policies and a stronger real-estate market.
At the Multi Commodity Exchange, copper for delivery in June fell by Rs 2.65, or 0.79%, to Rs 333.30 per kg, in a business turnover of 1,290 lots.
The metal for delivery in far-month August also fell by a similar margin to trade at Rs 337.65 per kg in a turnover of nine lots.