NEW DELHI, June 9: Amid a weak trend in the global market and subdued spot demand, copper prices fell marginally by 0.79 per cent to Rs 395.55 per kg in futures trade today as speculators trimmed positions.
At the Multi Commodity Exchange, copper for delivery in June shed Rs 3.25, or 0.79 per cent, to Rs 395.55 per kg in business turnover of 2,089 lots.
Similarly, the metal for delivery in August traded lower by Rs 3.10, or 0.77 per cent, to Rs 399.40 per kg in 139 lots.
Analysts attributed the fall in copper futures to weak global cues as investors weighed improving economic data out of China and the US against a metals-warehousing probe at a Chinese port.
Globally, copper for delivery in three months traded little changed at USD 6,706 a tonne on the London Metal Exchange, and at Shanghai Futures Exchange, it fell 0.80 per cent to 47,870 yuan (USD 7,669) for delivery in august a tonne on the Shanghai Futures Exchange. (PTI)
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