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Copper moved down by 0.59 per cent to Rs 422.40 a kg in futures trading today amid profit-booking by speculators and a weak overseas trend.
At the Multi Commodity Exchange, copper for delivery in April eased by Rs 2.50 or 0.59 per cent to Rs 424.90 a kg, with a business volume of 4,445 lots.
It had ended 0.70 per cent higher at Rs 424.90 a kg in yesterday’s trade.
Similarly, the metal for delivery in June fell by 2.45 or 0.56 per cent to Rs 429.50 a kg, with a trade volume of 1,136 lots.
Market analysts said the emergence of profit-booking after yesterday’s gain along with a weak trend at the London Metal Exchange kept pressure on prices.
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