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Wednesday, May 4, 2011

Copper Futures Decline

Market analysts said offloading by speculators to book profits amid a weak trend at the London Metal Exchange on stronger dollar, mainly led to the decline in copper futures prices here.

A weakening trend at the London Metal Exchange also kept pressure on the copper futures prices here.

At the Multi Commodity Exchange , copper for delivery in June eased by Rs 3.05, or 0.71 per cent to Rs 420.10 per kg, with a business volume of 2,252 lots.


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