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Copper futures ease 0.21 per cent on profit-booking

Press Trust of India  |  New Delhi 

Copper futures traded 0.21 per cent lower at Rs 443.50 today as speculators cut down their positions at prevailing levels to book profits amid muted spot demand.

However, a firm trend overseas capped the losses.


In futures trading at the Multi Commodity Exchange, copper for delivery in current month fell 95 paise, or 0.21 per cent at Rs 443.50 per kg, in a business turnover of 533 lots.

Similarly, the metal for delivery in far-month February was down 90 paise, or 0.20 per cent at Rs 449.30 per kg in two lots.

Analysts attributed the fall in copper futures to profit-booking by speculators who trimmed their positions at existing levels and subdued demand at domestic spot markets.

Globally, at the Metal Exchange (LME) copper had risen 0.1 per cent to USD 6,813 per tonne as a weaker dollar broadly lifted base metals, although it remained on track for a weekly loss.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, November 10 2017. 11:32 IST
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