Copper Futures Drop on Weak Demand - PTI
Aug 13, 2024 13:08
Copper futures fell 0.53% on the Multi Commodity Exchange (MCX) on Tuesday due to subdued demand and position trimming by speculators. Read more.
New Delhi, Aug 13 (PTI) Copper futures on Tuesday fell 0.53 per cent to Rs 786.10 per kilogram as participants cut their positions amid a muted demand in the domestic market.
On the Multi Commodity Exchange, copper contracts for August delivery eased by Rs 4.20 or 0.53 per cent to Rs 786.10 per kg in a business turnover of 13,526 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.
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.