Copper futures soften on profit-booking

Copper futures prices fell by 0.22 per cent to Rs 399.60 per kg today, as speculators booked profits amid a weak trend in global markets. 

At the Multi Commodity Exchange counter, copper for delivery in April traded 90 paise, or 0.22 per cent down at Rs 399.60 per kg, with a trading volume of 195 lots.

The metal for delivery in February also weakened by 85 paise, or 0.21 per cent to Rs 397.50 per kg, with a business turnover of 3,514 lots.

It ended 0.60 per cent higher at Rs 398.35 per kg in the previous session.

Analysts said a weak trend at global markets along with profit-booking by speculators, mainly put pressure on the copper futures prices here.