Copper Futures Decline on Weak Demand in India

By By Rediff Money Desk, New Delhi
Nov 13, 2024 14:40
Copper futures on the Multi Commodity Exchange (MCX) fell on Wednesday due to weak demand in the domestic market. Speculators trimmed their positions, leading to a decline in prices.
New Delhi, Nov 13 (PTI) Copper futures on Wednesday fell 0.43 per cent to Rs 808.70 per kilogram as participants cut their positions amid a muted demand in the domestic market.

On the Multi Commodity Exchange, copper contracts for December delivery eased by Rs 3.50 or 0.43 per cent to Rs 808.70 per kg in a business turnover of 4,837 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
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