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Copper futures fell 0.58% to Rs 417.50 per kg today as speculators reduced exposures amidst a weak trend in global markets.
At the Multi Commodity Exchange, copper for delivery in February next year declined by Rs 2.45, or 0.58%, to Rs 417.50 per kg in a turnover 9 lots.
The metal for delivery in November shed Rs 2.30, or 0.56%, to Rs 410.65 per kg in a business volume of 1,379 lots.
Analysts said weakness in the base metals pack at the London Metal Exchange (LME) amid worry that European economies are slowing down and Germany is heading for recession, weighed on copper prices at futures trade here.
Globally, copper for delivery in three-months traded one per down at $6,652.75 per tonne at the LME, while in Shanghai, the metal for delivery in December fell 0.90% to 47,340 yuan ($7,718) per tonne.
