Copper futures traded 0.49 per cent lower at Rs 383.25 today as speculators reduced their exposure at prevailing levels.
In futures trading at Multi Commodity Exchange, copper for delivery in April fell Rs 1.90, or 0.49 per cent, at Rs 383.25 per kg in a business turnover of 803 lots.
Similarly, the metal for delivery in far-month June was down Rs 1.80, or 0.46 per cent, at Rs 386.90 per kg in 12 lots.
Analysts attributed the fall in copper futures to profit-booking by speculators who scaled down their positions at the existing levels.
Amid muted demand at the domestic spot market, nickel prices fell 0.74 per cent to Rs 643.30 per kg in futures trade today as participants cut down their bets.
At Multi Commodity Exchange, nickel for delivery in the current month was trading lower by Rs 4.80, or 0.74 per cent, to Rs 643.30 per kg, in a business turnover of 800 lots.
The metal for delivery in April also fell by Rs 4.40, or 0.67 per cent, to Rs 649.90 per kg in a turnover of 293 lots.
Analysts said the fall is mostly in line with a weakening trend in the base metals at the domestic spot markets due to slack demand from consuming industries, particularly from alloy-makers.
Taking weak cues from overseas markets, silver prices slumped by Rs 390 to Rs 42,460 per kg in futures trading today as participants cut down their bets.
Also, profit-booking at prevailing levels by speculators pushed down silver prices.
At the Multi Commodity Exchange, silver for delivery in far-month July dropped by Rs 390, or 0.91 per cent, to Rs 42,460 per kg, in a business turnover of six lots Similarly, the white metal ..
Gold prices were down by Rs 173 to Rs 28,675 per 10 grams in futures trade today as participants cut down their holdings amid a weak trend overseas.
At Multi Commodity Exchange, gold for delivery in April contract was trading lower by Rs 173, or 0.60 per cent, at Rs 28,675 per 10 grams, in a business turnover of 712 lots.
Also, the metal for delivery in far-month June shed Rs 140, or 0.48 per cent, to Rs 28,832 per 10 grams in 116 lots.
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