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Copper futures fall 0.87% as speculators trim positions

Press Trust of India  |  New Delhi 

traded 0.87 per cent lower at Rs 444.65 per kg today as speculators offloaded bets, tracking a weak trend at the Exchange (LME).

Furthermore, subdued demand at domestic spot market pushed down the metal's prices.

At the Multi Commodity Exchange, for delivery in 3.90, or 0.87 per cent, to Rs 444.65 per kg in a business turnover of 2,325 lots.

Also, for delivery in June fell by Rs 3.25, or 0.72 per cent, at Rs 449.25 per kg in 92 lots.

Analysts attributed the fall to offloading of positions by participants amid muted demand at the domestic spot market and weakness in the base metals pack at the Exchange (LME) on firm dollar amid concerns that tensions between the world's top two economies could dent metals demand.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, March 19 2018. 11:35 IST