 "Copper softens on weak global cues")
Copper prices fell by 0.75% to Rs 400.25 per kg in futures trade today after speculators trimmed positions on a weak global trend.
At the Multi Commodity Exchange, copper for delivery in November fell by Rs 3.40, or 0.75%, to Rs 400.25 per kg in a business turnover of 639 lots.
In a similar fashion, the metal for delivery in far-month February next year eased by Rs 1.25, or 0.55%, to Rs 407.25 per kg in 682 lots.
Meanwhile, copper for delivery in three months fell as much as 1.1% to $6,486.50 a tonne on the London Metal Exchange.
At the Multi Commodity Exchange, copper for delivery in November fell by Rs 3.40, or 0.75%, to Rs 400.25 per kg in a business turnover of 639 lots.
In a similar fashion, the metal for delivery in far-month February next year eased by Rs 1.25, or 0.55%, to Rs 407.25 per kg in 682 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 a strike ends at the Antamina copper mine in Peru.
Meanwhile, copper for delivery in three months fell as much as 1.1% to $6,486.50 a tonne on the London Metal Exchange.