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Amid a weak trend in the global market and subdued spot demand, copper continued its slide with prices falling by 0.21% in futures trade today as speculators trimmed positions.
At the Multi Commodity Exchange, copper for delivery in far-month August fell marginally by 90 paise, or 0.21%, to Rs 428.65 per kg in business turnover of 124 lots.
Similarly, copper for delivery in August traded lower by Rs 1.30, or 0.31%, to Rs 424.40 per kg in 186 lots.
Analysts attributed the fall in copper futures to weak global cues as concern that signs of slowing growth from the US to China will curb demand.
Globally, copper for delivery in three months fell 0.8%, to $7,398.75 a tonne on the London Metal Exchange.
