 "Copper prices fall by 0.1% on weak global cues")
Copper futures fell 0.11% to Rs 316.30 per kg today as speculators cut down their positions amid weak trend in global markets.
Moreover, subdued demand at domestic spot markets also put pressure on prices.
At the Multi Commodity Exchange, copper for delivery in February next year declined by 35 paise or 0.11% to Rs 316.30 per kg in a business turnover of 382 lots.
Analysts said a weak trend in copper and other industrial metals at the London Metal Exchange (LME) and muted demand from consuming industries at domestic spot markets, mainly weighed on metal prices at futures trade here.
Globally, copper for delivery in three-months fell 0.3% at the LME.
Moreover, subdued demand at domestic spot markets also put pressure on prices.
At the Multi Commodity Exchange, copper for delivery in February next year declined by 35 paise or 0.11% to Rs 316.30 per kg in a business turnover of 382 lots.
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The metal for delivery in far-month April 2016 fell by 30 paise or 0.09% to Rs 320.70 per kg in a business volume of 11 lots.
Analysts said a weak trend in copper and other industrial metals at the London Metal Exchange (LME) and muted demand from consuming industries at domestic spot markets, mainly weighed on metal prices at futures trade here.
Globally, copper for delivery in three-months fell 0.3% at the LME.
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