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Copper futures decline 0.25% on weak global cues

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 1:39 AM IST

Copper futures fell by 0.25% today, as speculators reduced their positions, taking weak cues from global markets.

At the Multi Commodity Exchange, February copper fell by Re 1, or 0.25%, to Rs 406.45 per kg, in a turnover of 5,022 lots.

The April delivery declined by 95 paise, or 0.24%, to Rs 410.20 per kg in 437 lots.

Market analysts attributed the fall in copper futures prices to a weakening trend in base metals at the London Metal Exchange (LME).

Meanwhile, copper for three-month delivery fell by 0.4% to $7,750.25 per tonne on the LME.

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First Published: Jan 12 2012 | 11:35 AM IST

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