Copper down 0.48 pc on low demand

Copper prices fell 0.48 per cent to Rs 383.50 per kg in futures market today as speculators cut down their bets amid muted demand at the domestic spot markets.
At the Multi Commodity Exchange, copper for delivery in April traded lower by Rs 1.85, or 0.48 per cent, to Rs 383.50 per kg, in a business turnover of 2,789 lots.
Also, the metal for delivery in June eased by Rs 1.75, or 0.45 per cent, to Rs 387.70 per kg in 52 lots.
Market analysts said, the fall in copper prices at futures trade was mostly attributed to trimming of positions by participants, tracking a weak trend at the domestic spot markets on low demand from consuming industries.