NEW DELHI: Tracking a weak global trend, copper prices traded lower by 0.34 per cent to Rs 437.30 per kg in futures trade today as speculators offloaded their positions.
Sentiment turned bearish after copper declined in the global markets on concerns that signs of further economic slowdown from Asia to Europe will dim demand for industrial metals.
At the Multi Commodity Exchange, copper for delivery in November traded lower by Rs 1.50, or 0.34 per cent, to Rs 437.30 per kg, with a business turnover of 12,208 lots.
Likewise, the metal for delivery in February shed Rs 1.45, or 0.33 per cent, to Rs 442.55 per kg, with an open interest of 1,137 lots.
Marketmen attributed the decline in copper futures to a weak global trend.
Meanwhile, copper for three-month delivery lost 0.4 per cent to USD 8,255.50 a tonne on the London Metal Exchange.
