Copper down 0.1% on weak global cues

Copper for delivery in June traded lower by 0.07%

Amid a weak trend in the global market and subdued spot demand, copper prices fell marginally by 0.10% to Rs 415 per kg in futures trade today as speculators trimmed positions.

At the Multi Commodity Exchange, copper for delivery in August shed 40 paise, or 0.10%, to Rs 409.80 per kg in business turnover of 102 lots.

Similarly, copper for delivery in June traded lower by 70 paise, or 0.07%, to Rs 409.80 per kg in 1,928 lots.

Analysts attributed the fall in copper futures to weak global cues as investors waited for the outcome of Federal Reserve's meeting tonight.
 
Globally, copper for delivery in three months fell 0.2%, to $6,992 a tonne on the London Metal Exchange.