NEW DELHI, Apr 16: Tracking a weak Asian trend, copper prices fell by 0.20 per cent to Rs 399.15 per kg in futures trade today as speculators offloaded their positions.
At the Multi Commodity Exchange, copper for delivery in April fell by 80 paise, or 0.20 per cent, to Rs 399.15 per kg in a business turnover of 733 lots.
Similarly, the metal for delivery in June shed 25 paise, or 0.19 per cent, to Rs 403.85 per kg in a business volume of 26 lots.
Marketmen attributed the fall in copper futures to weak global cues as most industrial metals declined after data showed economic expansion in China eased to the slowest pace in six quarters, fuelling concern that demand from the largest user will weaken.
Meanwhile, copper on the Shanghai Futures Exchange fell by 0.80 per cent to 46,170 yuan (USD 7,420) per tonne, while at the London Metal Exchange, it gained 0.3 per cent to USD 6,558.25 a tonne. (PTI)
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