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Copper futures succumb to profit-booking; down 0.42 pc

Press Trust of India  |  New Delhi 

prices declined 0.42 per cent to Rs 465.05 per kg in futures trade today as participants indulged in trimming positions to book profits amid a weak trend in base metals overseas.

Besides, muted spot demand from consuming industries fuelled the downtrend.

At the Multi Commodity Exchange, for delivery in 1.95, or 0.42 per cent, to Rs 465.05 per kg in a business turnover of 25 lots.

Similarly, the for delivery in June traded lower by Rs 1.90, or 0.41 per cent, to Rs 461.05 per kg in 1,336 lots.

Analysts attributed the fall in futures to trimming of positions by participants to book profits and a weak trend in global markets.

Globally, copper for three-month delivery on the London Exchange was little changed at USD 6,812.50 per tonne.

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

First Published: Wed, May 16 2018. 11:40 IST