ET:Copper futures fall 0.59 per cent on profit-booking
NEW DELHI: Copper prices fell by 0.59 per cent to Rs 416.30 per kg in futures trade today as speculators booking-profits on sluggish demand from consuming industries in the spot market.
At the Multi Commodity Exchange, copper for delivery in June fell by Rs 2.45, or 0.59 per cent, to Rs 416.30 per kg in a business turnover of 2,268 lots.
Similarly, the metal for delivery in April declined by Rs 1.75, or 0.42 per cent, to Rs 414.15 per kg in 6,435 lots.
Analysts attributed the fall in copper futures to profit-booking by speculators due to sluggish demand from consuming industries in the spot market.
