NEW DELHI, Dec 5: Copper futures fell 0.34 per cent to Rs 406.40 per kg today as speculators trimmed positions amid a weak trend in global markets.
At the Multi Commodity Exchange, copper for delivery in April next year declined by Rs 1.40, or 0.34 per cent, to Rs 406.40 per kg in a business turnover of 2 lots.
The metal for delivery in February fell by Re 1, or 0.25 per cent, to Rs 402.90 per kg in a business volume of 2 lots.
Analysts said a weakening trend in select base metals at the London Metal Exchange (LME) and subdued demand at domestic spot markets mainly put pressure on copper prices at futures trade here.
Globally, copper for delivery in three-months traded 0.3 per cent lower at USD 6,453.75 per tonne at the LME, while in Shanghai the metal for February delivery rose 0.4 per cent to 45,990 yuan (USD 7,476) a tonne. (PTI)
Follow our WhatsApp channel