Copper prices dipped by 1.02 per cent to Rs 369.80 per kg in futures trade today as speculators indulged in reducing their positions amid low demand from consuming industries in the spot markets weighing on the prices.
At the Multi Commodity Exchange, copper for delivery in current month fell by Rs 3.80 or 1.02 per cent to Rs 369.80 per kg in business turnover of 988 lots.
Likewise, the metal for delivery in far-month August traded lower by Rs 3.75, or 0.99 per cent to Rs 373.65 per kg in six lots.
Analysts attributed the fall in copper prices at futures trade to a weak trend in base metals at the domestic spot markets due to low demand from consuming industries.
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