Copper slides 0.50 pc in futures trade

Copper prices fell 0.50 per cent to Rs 378.75 per kg in futures trade today as participants booked profits at current levels.
Muted spot demand from consuming industries also fuelled the downtrend.
At the Multi Commodity Exchange, copper for delivery in April shed Rs 1.90 or 0.50 per cent to Rs 378.75 per kg in a business turnover of 554 lots.
Similarly, the metal for delivery in far-month June contracts traded lower by Rs 1.75 or 0.45 per cent to Rs 383 per kg in 15 lots.
Analysts attributed the fall in copper futures to profit-booking by participants coupled with slackened demand at the domestic spot markets.