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Amid a weak trend in the global market and profit-booking by speculators, copper prices fell by 0.94% in futures trade today.
At the Multi Commodity Exchange, copper for delivery in August fell by Rs 4, or 0.94%, to Rs 421.80 per kg in business turnover of 5,184 lots.
Copper prices for delivery in far-month November shed Rs 3.80, or 0.88%, to trade at Rs 426.30 per kg in a turnover of 212 lots.
Analysts attributed the fall in copper futures to weak global cues where metal slipped from a two-week high amid concern that slowing economic growth in China, the biggest consumer, will damp demand.
Globally, copper for delivery in three months fell 0.70%, to $6,947 a tonne on the London Metal Exchange, while the metal for delivery in October on the Shanghai Futures Exchange declined 0.9% to 50,120 yuan ($8,180) a tonne.
