Copper down 1.48% on profit booking

Posted by: Religare
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Copper down 1.48% on profit booking
On 4th May 2011, at the Multi Commodity Exchange, the prices of copper for the June month contracts declined by almost 1.48 per cent to reach Rs. 416.90 per kg.

The total traded quantity of the commodity stood at 41,198 lots representing Rs. 1,721.72 crore in value terms. Similarly, the prices of the commodity for the August month contracts declined by approximately 1.47 per cent to reach Rs. 422.30 per kg.

The total traded quantity of the commodity for the August month contract stood at 2,119 lots representing Rs. 89.75 crore in value terms. Increase in the profit booking activity amid weakening global trend was the primary reason behind the decline in the prices.

Read more about: copper, mcx
Story first published: Thursday, May 5, 2011, 12:30 [IST]
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