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Journalism of Courage
Tracking a weak global trend,copper prices softened by 0.11 per cent to Rs 452.40 per kg in futures trade today as speculators trimmed their positions.
At the Multi Commodity Exchange,copper for delivery in November softened by 50 paise,or 0.11 per cent,to Rs 452.40 per kg,with a business turnover of 19,857 lots.
Similarly,the metal for delivery in February traded lower by the same margin to Rs 457.15 per kg,with a business turnover of 16 lots.
Marketmen said positions offloaded by speculators in tandem with a weak global trend mainly led to a decline in copper prices at futures trade.
Meanwhile,copper for delivery in three months declined 0.4 per cent to USD 8,060 a tonne on the London Metal Exchange.
