Copper moved down by 0.09% in futures trade today as speculators offloaded positions after weakness in overseas market on concern that demand from China and the US may decline.
At the Multi Commodity Exchange, copper for delivery in June fell by 40 paise, or 0.09%, to Rs 432.80 per kg, with a turnover of 40 lots.
The April contract declined by 15 paise, or 0.03%, to Rs 428.50 per kg, with a turnover of 1,668 lots.
Analysts attributed the fall in copper futures prices to a weakening global trend on worries that global demand may decline after the US data showed orders for durable goods fell in January by the most in three years.
Meanwhile, copper for three-month delivery fell by 0.6% to $8,552 per tonne on the London Metal Exchange in early trade today.
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