 "Copper softens on weak global cues")
Copper futures traded a shade lower at Rs 415.35 per kg today after speculators reduced their positions amid weak global cues.
Besides, subdued demand at domestic spot markets weighed on metal prices.
At the Multi Commodity Exchange, copper for delivery in November shed 65 paise, or 0.16%, to Rs 415.35 per kg in a business turnover of 305 lots.
Meanwhile, copper for delivery in three months retreated as much as 0.5% to $6,637 a tonne on the London Metal Exchange.
Besides, subdued demand at domestic spot markets weighed on metal prices.
At the Multi Commodity Exchange, copper for delivery in November shed 65 paise, or 0.16%, to Rs 415.35 per kg in a business turnover of 305 lots.
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Market analysts said the fall in copper prices at futures trade was due to offloading of positions by speculators, taking weak cues from global market as the strongest US dollar in four years dampened demand for industrial metals.
Meanwhile, copper for delivery in three months retreated as much as 0.5% to $6,637 a tonne on the London Metal Exchange.
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