Copper falls by 0.1% on weak overseas cues

Profit-booking by speculators also affected prices

Copper futures traded a shade lower at Rs 379.40 per kg today amid weak trends in global market and profit-booking by speculators.

At the Multi Commodity Exchange, copper for delivery in June fell by 30 paise, or 0.08%, to Rs 379.40 per kg in a business turnover of 29 lots.

The metal's prices for delivery in April shed 25 paise, or 0.07%, to trade at Rs 374.90 per kg in a turnover of 916 lots.

Analysts attributed fall in copper futures to weak global cues as the US dollar traded near 12-year high versus the euro, cutting the appeal of commodities priced in the currency.
 
Globally, copper for delivery in three-months retreated as much as 0.4%, to $5,834 a tonne on London Metal Exchange, while copper for delivery in May dropped to 42,550 yuan ($6,798) a tonne on Shanghai Futures Exchange.