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28-Mar2019

Copper futures trade lower on weak global cues

Copper futures traded down on MCX, due to profit selling at current gains and on weak trend from red metal overseas with the stronger dollar. Moreover, subdued spot demand also weighed on the prices.

The contract for April delivery was trading at Rs 438.60, down by 0.15% or Rs 0.65 from its previous closing of Rs 439.25.The open interest of the contract stood at 13373 lots.

The contract for June delivery was trading at Rs 442.65, down by 0.06% or Rs 0.25 from its previous closing of Rs 442.90. The open interest of the contract stood at 968 lots on MCX.


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