Copper Futures Drop on Weak Demand - PTI
May 23, 2024 13:31
Copper futures fell 1.59% on the Multi Commodity Exchange due to muted demand and profit-booking by participants. Read more about the copper market.
New Delhi, May 23 (PTI) Copper futures on Thursday fell 1.59 per cent to Rs 881.90 per kilogram as participants cut their positions amid a muted demand in the domestic market.
On the Multi Commodity Exchange, copper contracts for May delivery eased Rs 14.25 or 1.59 per cent to Rs 881.90 per kg in a business turnover of 3,566 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.
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