 "Copper falls by 0.2% on rising global inventories")
Tracking a weak global trend on rising stockpiles, copper prices fell by 0.24% to Rs 359.20 per kg in futures trade today as speculators indulged in offloading their positions.
At the Multi Commodity Exchange, copper for delivery in far-month April fell by 85 paise, or 0.24%, to Rs 359.20 per kg in a business turnover of 55 lots.
The metal for delivery in February traded lower by 70 paise, or 0.20%, to Rs 355.20 per kg in 676 lots.
Meanwhile, copper inventories monitored by the London Metal Exchange (LME) rose to 299,675 tons, the highest level since February 2014 and up 69% this year, bourse data showed Monday.
At the LME, copper for delivery in three months fell 0.5%, to $5,642 per tonne.
At the Multi Commodity Exchange, copper for delivery in far-month April fell by 85 paise, or 0.24%, to Rs 359.20 per kg in a business turnover of 55 lots.
The metal for delivery in February traded lower by 70 paise, or 0.20%, to Rs 355.20 per kg in 676 lots.
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Analysts attributed the fall in copper futures to weak global cues as stockpiles rose to the highest in a year and before data that may show slowing demand from China, the world's biggest consumer.
Meanwhile, copper inventories monitored by the London Metal Exchange (LME) rose to 299,675 tons, the highest level since February 2014 and up 69% this year, bourse data showed Monday.
At the LME, copper for delivery in three months fell 0.5%, to $5,642 per tonne.
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