Copper Futures Slip on Muted Demand in India
Jul 10, 2024 12:54
Copper futures in India fell 0.28% on Wednesday due to reduced demand and position trimming by speculators. Read more about the decline in copper prices.
New Delhi, Jul 10 (PTI) Copper futures on Wednesday fell 0.28 per cent to Rs 866.45 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 2.45 or 0.28 per cent to Rs 866.45 per kg in a business turnover of 6,999 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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