Copper futures prices fell by 0.31% to Rs 436.80 per kg today, tracking weak trend at the London Metal Exchange on demand concerns amid speculations that the global economic recovery may slow.
At the Multi Commodity Exchange, copper for delivery in April declined by Rs 1.35, or 0.31%, to Rs 438.15 per kg, with a business volume of four lots.
Similarly, the metal for delivery in June shed Rs 1.35, or 0.30%, to Rs 442.30 per kg, with a trade volume of one lot.
Traders said fall in copper prices at the London Metal Exchange (LME) on speculations of economic slowdown amid renewed concern about Europe’s credit crisis and weaker-than-expected US economic data.
Meanwhile, at the LME, copper for three-month delivery fell by 0.5% to $9,670 a metric ton.
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