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Copper prices fell by 0.45% to Rs 364.50 per kg in futures trade today on speculators reducing their positions amidst weak global cues.
At the Multi Commodity Exchange, copper for delivery in far-month April fell by Rs 1.65, or 0.45%, to Rs 364.50 per kg in a business turnover of 751 lots.
Similarly, the metal for delivery in February was down by Rs 1.15, or 0.32%, to Rs 361.25 per kg in 2,043 lots.
Analysts attributed the fall in copper futures to weak global trend.
Moreover, subdued demand in the spot markets also put pressure on the prices of the metal, they said.
Meanwhile, copper for delivery in three months dropped as much as 0.4% to $5,764 per tonne at the London Metal Exchange, while in Shanghai the metal for delivery in April fell 0.4% to 42,050 yuan ($6,718) per tonne.
