Copper futures slide on profit-booking

Copper futures were trading lower during afternoon trade in the domestic market on Monday as investors and speculators trimmed their positions in the industrial metal to book profits. Traders said participants indulged in profit-booking at prevailing levels, led to the decline in copper prices at futures trade.

                                               At the MCX, copper futures for February 2017 contract is trading at Rs 381.10 per kg, down by 1.06 per cent, after opening at Rs 383, against a previous close of Rs 385.20. It touched the intra-day low of Rs 380. 

 

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