Copper Futures Slip on Muted Demand - PTI
Nov 29, 2023 14:33
Copper futures on the Multi Commodity Exchange fell on Wednesday due to weak demand and position trimming by speculators. The December contract eased by Rs 1.15 per kg to Rs 720.85.
New Delhi, Nov 29 (PTI) Copper futures on Wednesday fell Rs 1.15 to Rs 720.85 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 1.15 or 0.16 per cent to Rs 720.85 per kg in a business turnover of 5,219 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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