Copper futures slipped by Rs 0.30, or 0.09 per cent, to Rs 344 per kg at the Multi Commodity Exchange today as speculators booked profits, driven by a weak demand in spot market.
Copper for far-month February eased by Rs 0.30, or 0.09 per cent to Rs 344 per kg with a turnover of 245 lots.
The metal for delivery in November month lost Rs 0.25, or 0.07 per cent, to Rs 341.90 per kg in 10,549 lots. The current month August contract traded lower by Rs 0.10, or 0.03 per cent to Rs 338.90 per kg with a turnover of 31,161 lots.
Analysts said profit booking by speculators and fall in demand in the spot market mainly kept pressure on the copper futures.