NEW DELHI, July 31: Amidst a weak trend in global markets and subdued spot demand, copper prices fell to Rs 432.05 per kg in futures trade today as speculators reduced their exposures.
At the Multi Commodity Exchange, copper for delivery in August shed Rs 2.70, or 0.62 per cent, to Rs 432.05 per kg in business turnover of 804 lots.
The metal for delivery in far-month November traded lower by Rs 2.45, or 0.55 per cent, to Rs 439.60 per kg in 27 lots.
Analysts attributed fall in copper futures to weak global cues and subdued demand at domestic spot markets.
Globally, copper for delivery in three months fell 0.20 per cent, to USD 7,113.50 per tonne on the London Metal Exchange and metal for delivery in September slid 0.50 per cent to 50,560 yuan (USD 8,190) a tonne on the Shanghai Futures Exchange. (PTI)
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