 "Copper falls by 0.7% on profit-booking")
Copper futures fell 0.66% to Rs 366.50 per kg today as speculators trimmed positions to book profits amidst a weak trend in global markets.
At the Multi Commodity Exchange, copper for delivery in April declined by Rs 2.45, or 0.66%, to Rs 366.50 per kg in a business turnover of 1,263 lots.
The metal for delivery in June shed Rs 2.40, or 0.64%, to Rs 371.35 per kg in a business volume of 21 lots.
Globally, copper for delivery in three-months traded little changed at $5,784 per tonne at the London Metal Exchange, while in Shanghai, metal for delivery in May retreated 0.6% to 42,180 yuan ($6,762) per tonne.
At the Multi Commodity Exchange, copper for delivery in April declined by Rs 2.45, or 0.66%, to Rs 366.50 per kg in a business turnover of 1,263 lots.
The metal for delivery in June shed Rs 2.40, or 0.64%, to Rs 371.35 per kg in a business volume of 21 lots.
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Analysts said apart from profit-booking by speculators, the metal's weakness in global markets before the US Federal Reserve policy meet outcome, weighed on prices at futures trade here.
Globally, copper for delivery in three-months traded little changed at $5,784 per tonne at the London Metal Exchange, while in Shanghai, metal for delivery in May retreated 0.6% to 42,180 yuan ($6,762) per tonne.
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