NEW DELHI, Mar 21: Copper futures prices today fell 0.50 per cent to Rs 398.20 per kg, as speculators engaged in trimming positions amid a weak trend in the global markets.
At the Multi Commodity Exchange, copper for delivery in April declined by Rs 2, or 0.50 per cent, to Rs 398.20 per kg in business turnover of 921 lots.
The metal for delivery in June fell by a similar margin to Rs 401.90 per kg in a business volume of 27 lots.
Analysts said weakening trend in the global markets after the US Federal Reserve signalled it would raise interest rates, hurting the demand outlook for the metal, weighed on copper futures prices here.
Besides, oversupply and a weakening economy in China and also kept downward pressure on prices, they said
Globally, copper for delivery in three-months traded a shade lower at USD 6,430.50 per tonne at the London Metal Exchange while in Shanghai the metal for delivery in June retreated 0.3 per cent to 45,070 yuan (USD 7,240) per tonne. (AGENCIES)
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