Copper Futures Decline on Weak Demand in India

By By Rediff Money Desk, New Delhi
Oct 25, 2024 13:24
Copper futures on the Multi Commodity Exchange fell 0.45% on Friday, reaching Rs 835.05 per kilogram due to weak demand in the domestic market. Analysts attribute the decline to speculator trimming of positions.
New Delhi, Oct 25 (PTI) Copper futures on Friday fell 0.45 per cent to Rs 835.05 per kilogram as participants cut their positions amid a muted demand in the domestic market.

On the Multi Commodity Exchange, copper contracts for November delivery eased by Rs 3.75 or 0.45 per cent to Rs 835.05 per kg in a business turnover 7,005 lots.

Analysts said trimming of positions by speculators amid a muted demand in the spot market mainly dragged down copper prices in the futures trade.
Source: PTI
Read More On:
indiademandcommodity exchangecopper futurescopper prices
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

DRI Seizes Red Sanders Worth Rs 6.26 Cr, 4...

DRI seizes 15 MT of red sanders worth Rs 6.26 crore in Delhi, arrests 4. Illegal export...

UAE Fund to Invest ₹1,000 Cr in Kerala Startups

UAE-based Feeder Fund to invest ₹1,000 crore in Kerala startups over 3 years. Boost...

ECL Aims for 58 MT Output, Mine Closures Planned

Eastern Coalfields Ltd (ECL) targets 58 MT output, plans closure of six underground...

India: Export Potential in Russia

300 Indian products have huge export potential in Russia. Engineering, pharma, agri,...

Gold & Silver Rally: Inflation Data in Focus

Gold and silver prices rally amid inflation data focus. Analysts eye central bank...

India Ranks 3rd in Global AI Vibrancy Index

India ranks 3rd in Stanford University's Global AI Vibrancy tool, surpassing advanced...

EPFOA Urges CPFC: Equip Offices for Compliance

EPFOA urges CPFC to equip field offices with authority & tools to handle default &...

TV Prices to Rise in January: Chip Shortage &...

TV prices are expected to increase in January due to memory chip shortages and a...

India Gems & Jewellery Exports Up 20% in November

India's gems and jewellery exports grew 20% to USD 2.5 billion in November, says GJEPC....

Navi Mumbai Airport: 3rd Runway Feasibility Study

CIDCO invites bids for a consultant to study the feasibility of a third runway at Navi...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2025 Rediff.com