NEW DELHI, Mar 20: Copper futures prices today fell 0.40 per cent to Rs 408 per kg, as speculators trimmed their positions amid a weak trend in the global markets.
At the Multi Commodity Exchange, copper for delivery in June declined by Rs 1.65, or 0.40 per cent, to Rs 408 per kg in business turnover of 57 lots.
The metal for delivery in April fell by Rs 1.55, or 0.38 per cent, to Rs 404.95 per kg in a business volume of 1,387 lots.
Analysts said speculation that demand for metals will fall as the US Federal Reserve signalled a faster timetable for raising rates and China’s growth faltered, putting pressure on copper prices at futures trade here.
Globally, copper for delivery in three-months traded one per cent lower at USD 6,485.25 per tonne on the London Metal Exchange. It touched USD 6,321 yesterday, the lowest level since July 2010. (AGENCIES)
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