NEW DELHI, Nov 28: Copper prices fell by 0.75 per cent to Rs 400.25 per kg in futures trade today after speculators trimmed positions on a weak global trend.
At the Multi Commodity Exchange, copper for delivery in November fell by Rs 3.40, or 0.75 per cent, to Rs 400.25 per kg in a business turnover of 639 lots.
In a similar fashion, the metal for delivery in far-month February next year eased by Rs 1.25, or 0.55 per cent, to Rs 407.25 per kg in 682 lots.
Market analysts said the fall in copper prices at futures trade was due to offloading of positions by speculators, taking weak cues from global market as a strike ends at the Antamina copper mine in Peru.
Meanwhile, copper for delivery in three months fell as much as 1.1 per cent to USD 6,486.50 a tonne on the London Metal Exchange. (PTI)
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