NEW DELHI, Jan 31: Copper futures prices fell 0.19 per cent to Rs 452.65 per kg today as speculators reduced exposures on a weak trend in the global markets.
At the Multi Commodity Exchange, copper for delivery in April declined by 85 paise, or 0.19 per cent, to Rs 452.65 per kg in a business turnover of 76 lots.
The metal for delivery in February fell 80 paise, or 0.18 per cent, to Rs 446.25 per kg in a business volume of 852 lots.
Analysts said the fall in copper prices at futures trade was mostly due to a weakening trend overseas on concern that slowing economic growth in China, the world’s largest user, may weaken demand for the metal.
The contract for delivery in three months at the London Metal Exchange fell 0.3 per cent to USD 7,076 a tonne.
Globally, copper for delivery in three-months traded 0.30 per cent lower at USD 7,076 per tonne at the London Metal Exchange. (AGENCIES)
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