)
Copper prices slide by 0.10% to Rs 466.45 per kg in futures trading today as speculators trimmed their positions, tracking a weak global trend as the dollar strengthened, reducing appeal of industrial metals as an alternate investment.
At the Multi Commodity Exchange, copper for delivery in April next year declined by 45 paise, or 0.10% to Rs 466.45 per kg in business turnover of 113 lots.
In a similar fashion, the metal for delivery in February shed 25 paise, or 0.05% to Rs 461.25 per kg in 1396 lots.
Analysts said speculators trimming their positions, tracking a weak global trend as the dollar strengthened after the Federal Reserve decided to taper its monthly bond purchases, reducing the appeal of industrial metals as an alternative investment.
Meanwhile, copper for delivery in three months dropped 0.6% to $7,226 a metric tonne on the London Metal Exchange.
