Copper falls by 0.4% on muted demand
Weak global cues also affected prices
 "Copper falls by 0.4% on muted demand")
Amid a weak trend in the global market and muted domestic demand, copper prices fell 0.44% in futures trade today.
Copper for delivery in February fell Rs 1.30, or 0.44%, to Rs 295.95 per kg in a business turnover of 100 lots at the Multi Commodity Exchange (MCX).
On similar lines, metal for delivery in far-month April shed Rs 1.20, or 0.40%, to Rs 301.30 per kg in five lots.
Analysts attributed the fall in copper futures to weak global cues where industrial metals headed for the first back-to-back weekly decline since November as concerns over slowing demand in China dominated trading ahead of gross domestic product data and output figures from the world's biggest consumer next week.
Globally, copper for delivery in three months sank as much as 0.60% to $4,390.50 a tonne on the London Metal Exchange.
Copper for delivery in February fell Rs 1.30, or 0.44%, to Rs 295.95 per kg in a business turnover of 100 lots at the Multi Commodity Exchange (MCX).
On similar lines, metal for delivery in far-month April shed Rs 1.20, or 0.40%, to Rs 301.30 per kg in five lots.
Analysts attributed the fall in copper futures to weak global cues where industrial metals headed for the first back-to-back weekly decline since November as concerns over slowing demand in China dominated trading ahead of gross domestic product data and output figures from the world's biggest consumer next week.
Globally, copper for delivery in three months sank as much as 0.60% to $4,390.50 a tonne on the London Metal Exchange.
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First Published: Jan 15 2016 | 11:22 AM IST