NEW DELHI, Oct 8: Copper futures traded 0.97 per cent lower at Rs 351.65 today on speculators reducing their positions amid weak global cues.
At Multi Commodity Exchange, copper for delivery in far-month April fell Rs 3.45, or 0.97 per cent, at Rs 351.65 per kg, in a business turnover of just one lot.
Similarly, the metal for delivery in November was down Rs 1.55, or 0.45 per cent, at Rs 341.65 per kg in 739 lots.
Analysts attributed the fall in copper futures to weak cues from global market on signs of a weak demand outlook in China, the world’s biggest consumer.
Meanwhile, copper on the London Metal Exchange slide 0.5 per cent to USD 5,163.50 per tonne. (PTI)
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