NEW DELHI, June 4: Tracking a weak global trend, copper futures traded a tad lower at Rs 387.30 per kg today as speculators offloaded positions.
Furthermore, subdued demand at domestic spot market pushed down metal prices.
At Multi Commodity Exchange, copper for delivery in June shed 40 paise, or 0.10 per cent, to Rs 387.30 per kg in business turnover of 488 lots.
Analysts attributed the fall in copper futures to weak global cues as the Organization for Economic Cooperation and Development cut its global growth forecast and low demand from consuming industries at spot market hurt.
Meanwhile, copper dropped 0.1 per cent to USD 6,007.50 per tonne at the London Metal Exchange while in Shanghai, metal for August delivery fell 0.2 per cent to 43,460 yuan (USD 7,011) per tonne. (PTI)
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