NEW DELHI, Jan 29: Tracking a weak global trend and subdued domestic demand, copper prices fell by Rs 3.50 to Rs 449.50 per kg in futures trade today as speculators offloaded their positions.
At the Multi Commodity Exchange, copper for delivery in February fell Rs 3.50, or 0.75 per cent, to Rs 449.50 per kg in business turnover 4,368 lots.
Likewise, the metal for delivery in April contracts declined by Rs 3.20, or 0.70 per cent, to Rs 456 per kg in 183 lots.
Market analysts attributed the fall in copper futures to a weak trend in the base metals at the London Metal Exchange (LME) ahead of outcome of the Federal Reserve’s meeting today.
Meanwhile, copper for delivery in three months fell 0.1 per cent to USD 7,140 a tonne at the LME. (AGENCIES)
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