 "Copper down 0.2% on weak global cues")
Copper futures prices today fell 0.21% to Rs 449.80 per kg after speculators off-loaded positions amid a weak trend in the global markets.
At the Multi Commodity Exchange, copper for delivery in February next year declined by 95 paise, or 0.21%, to Rs 459.50 per kg in business turnover of 26 lots.
The metal for delivery in November fell by 85 paise, or 0.19%, to Rs 449.80 per kg in a business volume of 774 lots.
Globally, copper for delivery in three months slid 0.7% to $7,240.25 per tonne on the London Metal Exchange, while on the Shanghai Futures Exchange, metal for delivery in January lost 0.4% to 51,870 yuan ($8,513) a tonne.
At the Multi Commodity Exchange, copper for delivery in February next year declined by 95 paise, or 0.21%, to Rs 459.50 per kg in business turnover of 26 lots.
The metal for delivery in November fell by 85 paise, or 0.19%, to Rs 449.80 per kg in a business volume of 774 lots.
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Analysts said weakening trend in base metals overseas on speculation that the US Federal Reserve may start tapering stimulus sooner than previously forecast, mainly weighed on copper futures here.
Globally, copper for delivery in three months slid 0.7% to $7,240.25 per tonne on the London Metal Exchange, while on the Shanghai Futures Exchange, metal for delivery in January lost 0.4% to 51,870 yuan ($8,513) a tonne.
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