NEW DELHI, July 18: Copper prices fell 0.25 per cent to Rs 430.70 per kg in futures market today as speculators trimmed positions amidst a weak trend in global markets.
At the Multi Commodity Exchange, copper for delivery in August traded lower by Rs 1.10, or 0.25 per cent to Rs 430.70 per kg in business turnover of 308 lots.
Similarly, the metal for delivery in far-month November contract shed 75 paise, or 0.17 per cent to Rs 438.20 per kg in 4 lots.
Analysts said apart from weak global trend, speculation that demand will slow down in China, the biggest user of the metal, mainly influenced copper prices at futures trade.
Meanwhile, copper for delivery in three months retreated 0.3 per cent to USD 7,043.75 a metric tonne on the London Metal Exchange. (PTI)
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