NEW DELHI, Oct 15: Amid a weak trend in the global market and subdued spot demand, copper prices fell marginally by 0.06 per cent to Rs 462.05 per kg in futures trade today as speculators trimmed positions.
At the Multi Commodity Exchange, copper for delivery in far-month February shed 30 paise, or 0.06 per cent, to Rs 462.05 per kg in business turnover of 36 lots.
Similarly, the metal for delivery in November traded lower by 20 paise, or 0.04 per cent, to Rs 451.95 per kg in 1,365 lots.
Analysts attributed the fall in copper futures to weak global cues as US lawmakers continued talks to avoid a breach of the nation’s debt limit and subdued demand at domestic spot markets.
Globally, copper for delivery in three months fell 0.4 per cent to USD 7,228 a tonne on the London Metal Exchange. (PTI)
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