Copper futures fall 0.12% as speculators trim positions

Copper futures traded 0.12 per cent lower at Rs 404.55 per kg today as speculators offloaded bets.

Furthermore, subdued demand at domestic spot market pushed down metal prices.

At the Multi Commodity Exchange, copper for delivery in February shed 50 paise, or 0.12 per cent, to Rs 404.55 per kg, in a business turnover of 1,851 lots.

Also, metal for delivery in April was trading down by a similar margin at Rs 408.55 per kg in 92 lots.

Analysts attributed the fall to offloading of positions by participants amids muted demand at the domestic spot markets.