Copper futures fall 0.15% on profit-booking

NEW DELHI, July 14:  Copper futures fell 0.15 per cent to Rs 442.30 per kg today as speculators trimmed positions to book profits amidst a weak trend in global markets.
At the Multi Commodity Exchange, copper for delivery in November declined by 65 paise, or 0.15 per cent, to Rs 442.30 per kg in a business turnover of 41 lots.
The metal for delivery in August shed 50 paise, or 0.11 per cent, to Rs 436.05 per kg in a business volume of 540 lots.
Analysts said apart from profit-booking by speculators, the metal’s weakness at the London Metal Exchange (LME), weighed on prices at futures trade here.
Globally, copper for delivery in three-months traded little changed at USD 7,158 per tonne at the LME, after rising for the fourth straight week. (PTI)

LEAVE A REPLY

Please enter your comment!
Please enter your name here