Copper Futures Fall on Muted Demand - PTI
Jul 12, 2024 13:09
Copper futures on the Multi Commodity Exchange (MCX) declined by 0.56% to Rs 851.20 per kg on Friday, driven by muted demand in the domestic market and position trimming by speculators.
New Delhi, Jul 12 (PTI) Copper futures on Friday fell 0.56 per cent to Rs 851.20 per kilogram as participants cut their positions amid a muted demand in the domestic market.
On the Multi Commodity Exchange, copper contracts for July delivery eased by Rs 4.80 or 0.56 per cent to Rs 851.20 per kg in a business turnover of 7,957 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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