NEW DELHI, June 5: Tracking a weak Asian trend on slowing growth concerns, copper prices fell by 0.32 per cent to Rs 419.15 per kg in futures trade today as speculators offloaded their positions.
At the Multi Commodity Exchange, copper for delivery in this month fell Rs 1.35, or 0.32 per cent, to Rs 419.15 per kg in business turnover of 2,370 lots.
Similarly, the metal for delivery in August traded lower by Rs 1.30, or 0.31 per cent, to Rs 424.40 per kg in 186 lots.
Analysts attributed the fall in copper futures to weak global cues as concern that growth is slowing in China, the world’s biggest user, outweighed the shutdown of the world’s second-biggest mine in Indonesia.
Meanwhile, copper for delivery in three months fell 0.6 per cent, to USD 7,410 a tonne on the London Metal Exchange. (PTI)
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