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Copper falls by 0.1% on profit-booking

Speculators trimmed positions to book profits amidst a weak trend in global markets

Press Trust of India New Delhi
Copper futures fell 0.15% to Rs 442.30 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 November declined by 65 paise, or 0.15%, to Rs 442.30 per kg in a business turnover of 41 lots.

The metal for delivery in August shed 50 paise, or 0.11%, to Rs 436.05 per kg in a business volume of 540 lots.

Analysts said apart from profit-booking by speculators, the metal's weakness at the London Metal Exchange (LME), weighed on prices at futures trade here.

Globally, copper for delivery in three-months traded little changed at $7,158 per tonne at the LME, after rising for the fourth straight week.
 

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First Published: Jul 14 2014 | 12:00 PM IST

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