NEW DELHI, July 13: Copper futures fell by 1.36 per cent to Rs 353.75 per kg today on speculative selling amid a weak trend in base metals overseas.
At the Multi Commodity Exchange, copper for delivery in August tumbled by 4.95, or 1.36 per cent, to Rs 353.75 per kg in a turnover of 1,284 lots.
The metal for delivery in far-month November was trading down by Rs 4.90, or 1.34 per cent, to Rs 360.40 per kg in a business volume of 68 lots.
Analysts said besides subdued demand at domestic spot markets, weakness in the base metals pack at the London Metal Exchange (LME) after Greece was ordered to enact reforms or leave the euro, fuelling concern about global economic growth, mainly led to a fall in copper prices at futures trade here.
Globally, copper for delivery in three months dropped 1.4 per cent to USD 5,510.50 per tonne at the LME. (PTI)
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