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Copper falls by 0.5% on global cues

Subdued spot demand also affected prices

Press Trust of India New Delhi
Copper prices fell by 0.46% to Rs 332.35 per kg in futures trade today amid a weak trend in global markets and subdued spot demand.

At the Multi Commodity Exchange, copper for delivery this month shed Rs 1.55, or 0.46%, to Rs 333.35 per kg in a business turnover of 1,045 lots.

The metal for delivery in far-month November traded lower by Rs 1.45, or 0.43%, to Rs 3339.55 per kg in 13 lots.

Analysts attributed fall in copper futures to weak global cues on speculation US interest rates will be increased as soon as next month, lifting the dollar to a four-month higher, diminishing demand for the commodities including base metals.
 
Globally, copper for delivery in three months fell 0.9%, to $5,199.50 per tonne on the London Metal Exchange.

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First Published: Aug 05 2015 | 11:42 AM IST

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