Copper prices lost 0.59% on global cues

Copper mineral prices lost 0. 59% to Rs 412 per kg within futures trade today as speculators reduced their positions, triggered by weakening trend in the London Metal Exchange.

At the Multi Commodity Exchange, The fall of copper declined by Rs 2. 45, or 0. 59%, in order to Rs 412 per kg, with a business turnover associated with 7, 721 lots.

The February contract moved down through Rs 2. 25, or 0. 54% to Rs 416. forty per kg, with a trade turnover of 446 plenty.

Market analysts said a weak trend in global marketplaces on fears that demand may decline on slowing financial growth, led to a decline in copper futures costs here.

Meanwhile, copper for three-month delivery fell by 0. 8% in order to $8, 891 a tonne on the London Metal Trade.