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Tracking a weak trend at spot markets, copper prices fell by 0.34% to Rs 429.25 per kg in futures trade today as speculators offloaded their positions ignoring a firming trend in base metals at the London Metal Exchange (LME).
Besides, profit-booking at existing levels weighed on metal prices.
At the Multi Commodity Exchange, copper for delivery in November fell by Rs 1.45, or 0.34%, to Rs 429.25 per kg in a business turnover of 391 lots.
Besides subdued demand at domestic spot markets, profit-booking by speculators led to the fall in copper futures, analysts said.
Meanwhile, copper for delivery in three months climbed 0.4% to USD 6,930.50 a tonne at the LME.
