Copper futures were trading lower during the noon trade in the domestic market on Thursday as speculators offloaded their positions amid a weak trend in global markets.
Marketmen attributed the fall in copper futures to weakness in metal
at the London Metal Exchange (LME) on profit-taking, rising inventories
at the exchange's warehouses, nervousness about demand in China and a
higher dollar.
At the MCX, copper futures for November 2017 contract was trading at
Rs 422.00 per kg, down by 0.52 per cent, after opening at Rs 423.95,
against a previous close of Rs 424.20. It touched the intra-day low of
Rs 421.15
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