Business Standard

Copper futures shed 0.78% on profit-booking

Image

Press Trust of India New Delhi
Copper futures fell 0.78 per cent to Rs 452.75 per kg today as speculators trimmed positions to book profits even as metal strengthened overseas.

At the Multi Commodity Exchange, copper for delivery in February declined Rs 3.55, or 0.78 per cent, to Rs 452.75 per kg, in a business turnover of 1,555 lots.

The metal for delivery in April was trading Rs 3.35, or 0.73 per cent down, at Rs 458.20 per kg in a business volume of 37 lots.

Analysts said profit-booking by participants led to the fall in copper prices in futures trade here but a firm trend in the metal at the London Metal Exchange (LME) capped the fall.
 

Globally, copper for three-month delivery ended up 1.8 per cent at USD 7,169 per tonne at the LME.

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 06 2018 | 11:31 AM IST

Explore News