NEW DELHI, Dec 16: Copper futures fell by 0.41 per cent to Rs 464.70 today as speculators engaged in trimming their positions amid a subdued trend in the global markets.
At the Multi Commodity Exchange, copper for delivery in April next year declined by Rs 1.90, or 0.41 per cent, to Rs 464.70 per kg in business turnover of 37 lots.
The metal for delivery in February fell by Rs 1.60, or 0.35 per cent, to Rs 460.15 per kg in a business volume of 972 lots.
A weak trend in base metals overseas as manufacturing data for China missed estimates and speculation that the US central bank will cut stimulus at its two-day Federal Reserve meeting starting tomorrow largely put pressure on copper futures here, analysts said.
Globally, copper for delivery in three-months traded 0.30 per cent lower at USD 7,232.25 per tonne at the London Metal Exchange. (AGENCIES)
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