 "Copper falls by 0.2% on weak global cues")
Copper prices fell 0.22% to Rs 406.25 per kg in futures trade today after speculators trimmed positions on a weak global trend.
At the Multi Commodity Exchange, copper for delivery in February 2015 fell by 90 paise, or 0.22%, to Rs 406.25 per kg in a business turnover of 1,037 lots.
In a similar fashion, the metal for delivery in April next year shed 85 paise, or 0.21%, to Rs 410.40 per kg in 19 lots.
Besides, subdued demand at the spot markets from consuming industries, put pressure on metal prices, they said.
Meanwhile, copper for delivery in three months fell as much as 0.1% to $6,361.25 tonne at the LME.
At the Multi Commodity Exchange, copper for delivery in February 2015 fell by 90 paise, or 0.22%, to Rs 406.25 per kg in a business turnover of 1,037 lots.
In a similar fashion, the metal for delivery in April next year shed 85 paise, or 0.21%, to Rs 410.40 per kg in 19 lots.
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Market analysts said the fall in copper prices at futures trade was due to offloading of positions by speculators amid a weakness in metal at the London Metal Exchange (LME).
Besides, subdued demand at the spot markets from consuming industries, put pressure on metal prices, they said.
Meanwhile, copper for delivery in three months fell as much as 0.1% to $6,361.25 tonne at the LME.
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