Copper down 0.2% on weak global cues

Tracking a weak global trend, copper shed 0.27% to Rs 409 per kg in futures trade today as speculators offloaded their positions.

At the Multi Commodity Exchange, copper for delivery in June fell Rs 1.10, or 0.27%, to Rs 409 per kg in business turnover of 14 lots.

Similarly, the metal for delivery in April traded lower by 95 paise, or 0.23%, to Rs 405.50 per kg in 223 lots.

Analysts attributed the fall in copper futures to weak global cues and subdued demand at domestic spot markets.

Meanwhile, copper fell 0.50% to $6,625 a tonne on the London Metal Exchange.