NEW DELHI, July 30: Copper prices moved down by 0.10 per cent to Rs 429.25 per kg in futures trade today as speculators reduced positions amid a weak trend overseas and low demand in the spot market.
At the Multi Commodity Exchange, copper for delivery in August shed 45 paise, or 0.10 per cent, to Rs 429.25 per kg in a business turnover of 699 lots.
Likewise, the metal for delivery in far-month November traded lower by 35 paise, or 0.08 per cent, to Rs 437.15 per kg in 19 lots.
Analysts said the fall in copper prices at futures trade was largely in tune with a weak trend in select base metals at the London Metal Exchange (LME) and subdued demand at domestic spot market.
Meanwhile, copper for delivery in three months retreated 0.20 per cent to USD 7,065.75 a metric tonne at the LME, while metal for delivery in September slid one per cent to 50,280 yuan (USD 8,134) per tonne on the Shanghai Futures Exchange. (PTI)
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