Copper down 0.04% on weak global trend

Analysts apart from subdued demand at domestic spot markets, a weak trend at the LME attributed the fall in copper futures

Tracking a weak global trend, copper prices fell marginally by 0.04% in futures trade today as speculators offloaded their positions.

At the Multi Commodity Exchange, copper for delivery in far-month November contracts fell 15 paise, or 0.04%, to Rs 419.75 per kg in business turnover of 248 lots.

Analysts apart from subdued demand at domestic spot markets, a weak trend at the London Metal Exchange (LME) attributed the fall in copper futures.

Meanwhile, copper for delivery in three months traded lower at $6,732.75 a tonne at the LME.