Copper down 0.4% on profit-booking

Analysts said profit-booking by speculators led to fall in copper prices at futures trade

Copper futures prices today fell 0.49% to Rs 448.65 per kg, as speculators trimmed their positions at prevailing levels even as the metal strengthened overseas.

At the Multi Commodity Exchange, copper for delivery in February next year declined by Rs 2.20, or 0.49%, to Rs 448.65 per kg in business turnover of 660 lots.

The April contract fell by Rs 2.25, or 0.49%, to Rs 454.45 per kg in a business volume of 18 lots.

Analysts said profit-booking by speculators mainly led to fall in copper prices at futures trade but the metal's gain in the global market capped the fall.