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Copper fall by 0.1% on profit-booking

Speculators trimmed their positions to book profits amid subdued domestic demand

Press Trust of India New Delhi
Copper prices fell by 0.12% to Rs 364.60 per kg in futures trade today as speculators trimmed their positions to book profits amid subdued domestic demand.

At the Multi Commodity Exchange, copper for delivery in April fell by 45 paise, or 0.12%, to Rs 364.60 per kg in a business turnover of 1,152 lots.

Similarly, the metal for delivery in June traded lower by 30 paise, or 0.08%, to Rs 369.35 per kg in five lots.

Analysts attributed the fall in copper futures to profit-booking by speculators and subdued demand from domestic consuming industries.

Meanwhile, copper for three-month delivery was unchanged at $5,730 per tonne at the London Metal Exchange.
 

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First Published: Mar 12 2015 | 11:32 AM IST

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