Copper falls by 0.4% on global cues

Copper prices fell 0.43% to Rs 351.10 per kg in futures market today as speculators indulged in reducing positions after it weakened in global market.

At the Multi Commodity Exchange, copper for delivery in November traded lower by Rs 1.50, or 0.43%, to Rs 351.10 per kg in a business turnover of 1,753 lots.

Also, metal for delivery in far-month February next year was trading Rs 1.10, or 0.31% down at Rs 356.90 per kg in 43 lots.

Market analysts said weak trend in overseas markets where where copper retreated from over three week highs as investors awaited a key US jobs report due later today, weighed on metal futures here.

Meanwhile, copper on the London Metal Exchange lost as much as 0.8%.

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