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At the Multi Commodity Exchange (MCX), the April contract shed 55 paise, or 0.45%t, to Rs 122.45 per kg in 183 lots.
Speculators locking in gains even as metal strengthened overseas also affected the trade.
Profit-booking by speculators, subdued demand from battery makers at the spot markets pulled down the prices.
Better trend in base metals in the global markets limited the losses.
