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Copper succumbs to profit-booking

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 8:45 PM IST

Copper futures prices fell marginally by 0.19% today after speculators booked gains even as the metal strengthened at the London Metal Exchange and Shanghai. 

At the Multi Commodity Exchange, copper for delivery in April eased by 85 paise, or 0.19%, to Rs 442.30 per kg, with a business volume of 3,280 lots. It had ended 0.72% higher at Rs 443.15 per kg in the previous session.

Similarly, the metal for delivery in June shed 80 paise, or 0.18%, to Rs 448.45 per kg, with a trade volume of 241 lots.

Market analysts said emergence of profit-booking by speculators mainly pulled down copper futures prices here but a firm trend at the London Metal Exchange and Shanghai as dollar weakened, restricted losses.

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First Published: Apr 11 2011 | 12:55 PM IST

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