 "Copper falls by 0.4% on profit-booking")
Copper prices fell by 0.38% to Rs 458.50 per kg in futures trade today as speculators offloaded their positions even as metal rebounded from a three-week low at the London Metal Exchange on declining global inventories.
At the Multi Commodity Exchange, copper for delivery in April fell by Rs 1.75, or 0.38%, to Rs 458.50 per kg in a business turnover of 56 lots.
Similarly, the metal for delivery in February traded lower by Rs 1.70, or 0.37%, to Rs 453.95 per kg in 1,968 lots.
Meanwhile, copper rose 0.4% to $7,244.75 per tonne at the London Metal Exchange.
At the Multi Commodity Exchange, copper for delivery in April fell by Rs 1.75, or 0.38%, to Rs 458.50 per kg in a business turnover of 56 lots.
Similarly, the metal for delivery in February traded lower by Rs 1.70, or 0.37%, to Rs 453.95 per kg in 1,968 lots.
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Analysts attributed the fall in copper futures to trimming of positions by speculators even as copper and other base metals strengthened on falling global stockpiles.
Meanwhile, copper rose 0.4% to $7,244.75 per tonne at the London Metal Exchange.