Copper down 0.81% on weak global cues
Copper futures fell by 0.81% to Rs 390.25 per kg today, as speculators booked profits after yesterday's gains and a weakening trend overseas on eurozone worries. At the Multi Commodity Exchange counter, copper for delivery in far-month February fell by Rs 3.25, or 0.81%, to Rs 390.25 per kg.
The November contract also shed Rs 3, or 0.77%, to trade at Rs 385.65 per kg. It ended 0.90% higher at Rs 388.65 per kg in yesterday's trade.
Meanwhile, copper for three-month contract delivery lost 1.3% to $7,785 a tonne on the London Metal Exchange.
Analysts said a weak trend in global markets on deepening concern that the Eurozone debt crisis may slow economic growth and damp metals demand, mainly weighed on the copper futures here.