 "Copper falls by 0.6% on weak demand")
Copper prices fell 0.62% to Rs 390.85 per kg in futures trade today as speculators reduced positions amid a weak trend at domestic spot market on low demand.
However, metal's gain at the London Metal Exchange (LME), capped the losses.
At the Multi Commodity Exchange, copper for delivery in June shed Rs 2.45 or 0.62% to Rs 390.85 per kg in a business turnover of 58 lots.
Analysts said the fall in copper prices at futures trade was largely in tune with a weak trend at the domestic spot markets due to weak demand but metal's strength at the LME limited the fall.
Meanwhile, copper for delivery in three months rose 0.2% to $6,075.50 a tonne at the LME, while in Shanghai, metal for delivery in July climbed 0.2% to 43,810 yuan ($7,058) a tonne.
However, metal's gain at the London Metal Exchange (LME), capped the losses.
At the Multi Commodity Exchange, copper for delivery in June shed Rs 2.45 or 0.62% to Rs 390.85 per kg in a business turnover of 58 lots.
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Similarly, the metal for delivery in April traded lower by Rs 2.30 or 0.59% to Rs 385.35 per kg in 300 lots.
Analysts said the fall in copper prices at futures trade was largely in tune with a weak trend at the domestic spot markets due to weak demand but metal's strength at the LME limited the fall.
Meanwhile, copper for delivery in three months rose 0.2% to $6,075.50 a tonne at the LME, while in Shanghai, metal for delivery in July climbed 0.2% to 43,810 yuan ($7,058) a tonne.
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