Copper falls by 0.2% on weak global cues

Copper futures fell 0.16% to Rs 317.20 per kg today after participants trimmed exposure, tracking a weak trend in base metals overseas.

At Multi Commodity Exchange, copper for delivery in November shed 50 paise, or 0.16%, to Rs 317.20 per kg in a turnover of 764 lots.

The metal for delivery in far-month February 2016 was trading down 20 paise, or 0.06%, to Rs 324.05 per kg in a business volume of 38 lots.

Analysts said besides subdued demand at domestic spot markets, weakness in the base metal pack at the London Metal Exchange (LME) as investors rushed to less risky assets after the terror attacks in Paris led to a fall in copper prices at futures trade here.
 
Globally, copper for delivery in three months dropped 0.9% to trade at $4,783 per tonne at LME, the lowest since July 2009.