NEW DELHI, July 14: Amid a weak trend in global market and subdued spot demand, copper prices fell 0.18 per cent to Rs 358.75 per kg in futures trade today as speculators reduced their positions.
At Multi Commodity Exchange, copper for delivery in August shed 65 paise, or 0.18 per cent, to Rs 358.75 per kg in a business turnover of 862 lots.
The metal for delivery in November traded lower by 55 paise, or 0.15 per cent, to Rs 365.60 per kg in 3 lots.
Analysts attributed the fall in copper futures to a weak trend in base metals at the London Metal Exchange (LME) ahead of data tomorrow that may show China expanded at the weakest pace since 2009 and subdued demand at domestic spot markets.
Globally, copper for delivery in three months fell 0.20 per cent at LME. (PTI)
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