Copper futures down on profit-booking

NEW DELHI, Dec 2:  Copper futures prices today fell 0.49 per cent to Rs 448.65 per kg, as speculators trimmed their positions at prevailing levels even as the metal strengthened overseas.

At the Multi Commodity Exchange, copper for delivery in February next year declined by Rs 2.20, or 0.49 per cent, to Rs 448.65 per kg in business turnover of 660 lots.

The metal for delivery in April fell by Rs 2.25, or 0.49 per cent, to Rs 454.45 per kg in a business volume of 18 lots.

Analysts said profit-booking by speculators mainly led to fall in copper prices at futures trade but the metal’s gain in the global market capped the fall. (PTI)

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