Copper futures decline by 0.35% on low demand

Copper prices fell by 0.35 per cent to Rs 379.40 per kg in futures market today as speculators cut down their positions amid subdued demand in the spot market.

At the Multi Commodity Exchange, copper for delivery in April fell by Rs 1.35, or 0.35 per cent to Rs 379.40 per kg in business turnover of 782 lots.

Similarly, the metal for delivery in far-month June contracts was trading lower by Rs 1.30, or 0.34 per cent to Rs 383.95 per kg in business turnover of 18 lots.

Marketmen attributed the fall in copper prices at futures trade to a weak demand from consuming industries at the domestic markets.