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Copper down on weak global cues

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 3:11 AM IST

Tracking a weak trend in global markets, copper prices declined by 0.19% to Rs 430.20 per kg in futures trade today, as speculators offloaded their positions.

At the Multi Commodity Exchange, April copper declined by 80 paise, or 0.19%, to Rs 430.20 per kg in business turnover of 13,207 lots.

The June delivery in June traded lower by 65 paise, or 0.15%, to Rs 435.15 per kg in 735 lots.

Market analysts said speculators offloaded their positions on the back of a weakening global trend mainly influenced copper prices at futures market.

Meanwhile, copper for three-month fell 0.8% to $8,385 a tonne on the London Metal Exchange.

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First Published: Mar 22 2012 | 2:20 PM IST

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