 "Copper falls by 0.1% on overseas cues")
Tracking a weak global trend, copper prices fell 0.10% to Rs 310.45 per kg in futures trade today as participants trimmed positions.
Besides, muted demand at domestic spot market kept pressure on the copper prices.
At the Multi Commodity Exchange, copper for delivery in far-month April traded lower by 30 paise, or 0.10% to Rs 310.45 per kg in a business turnover of 81 lots.
Analysts attributed the fall to a weak global trend where copper sank with other metals, as cuts announced by the Chinese smelters failed to support prices, and comments by the chair of the Federal Reserve strengthened the dollar.
Meanwhile, copper for delivery in three months fell 0.6% at the London Metal Exchange, extending a 1.5% slump on Wednesday.
Besides, muted demand at domestic spot market kept pressure on the copper prices.
At the Multi Commodity Exchange, copper for delivery in far-month April traded lower by 30 paise, or 0.10% to Rs 310.45 per kg in a business turnover of 81 lots.
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On similar lines, the metal for delivery in February shed 20 paise, or 0.07% to Rs 306.10 per kg in 2,842 lots.
Analysts attributed the fall to a weak global trend where copper sank with other metals, as cuts announced by the Chinese smelters failed to support prices, and comments by the chair of the Federal Reserve strengthened the dollar.
Meanwhile, copper for delivery in three months fell 0.6% at the London Metal Exchange, extending a 1.5% slump on Wednesday.
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