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Copper prices moved down by 0.24% to Rs 376.25 per kg in futures trade today as speculators reduced positions amid a weak trend overseas and low demand in the spot market.
At the Multi Commodity Exchange, copper for delivery in April shed 90 paise, or 0.24%, to Rs 376.25 per kg in a business turnover of 408 lots.
Likewise, the metal for delivery in far-month June traded lower by 65 paise, or 0.17%, to Rs 381.20 per kg in 11 lots.
Analysts said the fall in copper prices at futures trade was largely in tune with a weak trend in base metals at the London Metal Exchange (LME) and Shanghai.
Besides, low demand from domestic industries had negative impact, they added.
Meanwhile, copper for delivery in three months retreated 0.4% to $5,986 a metric tonne at the LME, while at Shanghai, the metal lost 0.7% to 43,150 yuan ($6,955) a tonne.
