 "Copper falls by 0.3% on profit-booking")
Copper prices declined by 0.26% to Rs 363.10 per kg in futures market today as speculators locked-in gains at prevailing levels even as the metal strengthened overseas.
Besides, low demand at spot markets from consuming industries put pressure on prices.
At the Multi Commodity Exchange, copper for delivery in April fell by 95 paise, or 0.26%, to Rs 363.10 per kg in a business turnover of 93 lots.
Analysts attributed the fall in copper futures to profit-booking at current levels and subdued demand at domestic spot markets but the metal's strength at the London Metal Exchange (LME), limited the fall.
Globally, copper for delivery in three months climbed 1.7% to $5,745 a metric tonne at the LME in yesterday's trade on speculation that reduced production at a BHP Billiton mine in Australia will mean a smaller global surplus.
Besides, low demand at spot markets from consuming industries put pressure on prices.
At the Multi Commodity Exchange, copper for delivery in April fell by 95 paise, or 0.26%, to Rs 363.10 per kg in a business turnover of 93 lots.
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Similarly, the metal for delivery in February traded lower by 85 paise, or 0.23%, to Rs 358.65 per kg in 1,013 lots.
Analysts attributed the fall in copper futures to profit-booking at current levels and subdued demand at domestic spot markets but the metal's strength at the London Metal Exchange (LME), limited the fall.
Globally, copper for delivery in three months climbed 1.7% to $5,745 a metric tonne at the LME in yesterday's trade on speculation that reduced production at a BHP Billiton mine in Australia will mean a smaller global surplus.
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