NEW DELHI, July 8: Tracking a weak global trend, copper prices declined by 0.44 per cent to Rs 433.10 per kg in futures trading today as speculators offloaded positions.
Further, subdued demand from consuming industries further fuelled the downtrend.
At the Multi Commodity Exchange, Copper for delivery in August moved down by Rs 1.90, or 0.44 per cent, to Rs 433.10 per kg in business turnover of 1,957 lots.
Similarly, the metal for delivery in November traded lower by Rs 1.85, or 0.42 per cent, to Rs 439.15 in a business volume of 35 lots.
Analysts attributed the fall in Copper futures to weak trend in base metals at the London Metal Exchange (LME).
Globally, copper for delivery in three months slipped 0.1 per cent to USD 7,119 a metric tonne at the LME.
In Shanghai, metal for delivery in September fell 0.1 per cent to 50,790 yuan (USD 8,190) a metric tonne. (PTI)
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