NEW DELHI, Feb 15: Copper futures prices today declined by 0.09 per cent to Rs 445.30 per kg, as speculators trimmed their positions amid a weak trend in the global markets as the euro-area recession deepened.
At the Multi Commodity Exchange, copper for delivery in February declined by 40 paise, or 0.09 per cent, to Rs 445.30 per kg in business turnover of 991 lots.
Similarly, the metal for delivery in far-month April fell by 60 paise, or 0.09 per cent, to Rs 451.10 per kg in 57 lots.
Analysts attributed the decline to
a subdued trend at the London Metal Exchange as the euro-area recession deepened more than economists forecast, weakening demand for the metals.
Meanwhile, copper for delivery in three-months traded a shade lower at USD 8,250 per tonne on the LME. (PTI)
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