Copper futures slide 1.85 per cent on profit-booking

Copper prices dipped 1.85 per cent to Rs 430.20 per kg in futures trade Tuesday as participants booked profits at prevailing levels amid easing demand from consuming industries.

On the Multi Commodity Exchange, copper for delivery in current month was trading lower by Rs 8.10, or 1.85 per cent, to Rs 430.20 per kg in a business turnover of 15,995 lots.

Marketmen said besides profit-booking by speculators and easing demand from consuming industries in the spot market mainly weighed on copper prices here.