 "Copper down 0.6% on global cues, low demand")
Copper prices fell by 0.67% to Rs 476.95 per kg in futures trade today amid a weak overseas trend and subdued spot demand.
At the Multi Commodity Exchange, copper for delivery in far-month February was down by Rs 3.20, or 0.67%, to Rs 476.95 per kg in business turnover of 72 lots.
Similarly, the metal for delivery in November traded lower by Rs 2.90 or 0.62%, to Rs 467.15 per kg in 512 lots.
Meanwhile, copper for delivery in three months fell 0.60% to trade at $7,254 a tonne at the London Metal Exchange, while the metal for delivery in December on the Shanghai Futures Exchange was little changed at 52,390 yuan ($8,546) a tonne.
At the Multi Commodity Exchange, copper for delivery in far-month February was down by Rs 3.20, or 0.67%, to Rs 476.95 per kg in business turnover of 72 lots.
Similarly, the metal for delivery in November traded lower by Rs 2.90 or 0.62%, to Rs 467.15 per kg in 512 lots.
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Analysts attributed the fall in copper futures to a weak global trend on concerns over a US budgetary impasse and subdued demand at domestic spot markets.
Meanwhile, copper for delivery in three months fell 0.60% to trade at $7,254 a tonne at the London Metal Exchange, while the metal for delivery in December on the Shanghai Futures Exchange was little changed at 52,390 yuan ($8,546) a tonne.
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