Copper futures fall on low demand

Copper futures fell 0.11 per cent to Rs 392.65 per kg today as speculators cut down their positions amid a weak trend at the domestic spot markets due to sluggish demand.

At the Multi Commodity Exchange, copper for delivery in far-month November contracts declined by 45 paise or 0.11 per cent to Rs 392.65 per kg in a business turnover of 8 lots.

The metal for delivery in August shed 15 paise or 0.04 per cent to Rs 388.60 per kg in a business volume1 of 1,247 lots.

Analysts said a weak trend at the domestic spot markets due to low demand from consuming industries, weighed on copper prices in futures trade here.