Copper Futures Slip on Muted Demand - PTI

By By Rediff Money Desk, NEWDELHI
Jan 18, 2024 16:47
Copper futures declined on the Multi Commodity Exchange due to muted demand and profit-booking by speculators. Learn more about the market trend.
New Delhi, Jan 18 (PTI) Copper futures on Thursday fell 95 paise to Rs 712.35 per kilogram as participants cut their positions amid a muted demand in the domestic market.

On the Multi Commodity Exchange, copper contracts for January delivery eased by 95 paise or 0.13 per cent to Rs 712.35 per kg in a business turnover of 4,948 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.
Read More On:
copper futurescopper pricemulti commodity exchangedemandspeculators
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.

You May Like To Read

MORE NEWS

Tata Steel Challenges Rs 25,000 Cr Tax...

Tata Steel has challenged a tax reassessment order of over Rs 25,000 crore for FY18-19,...

Biocon to Raise Rs 600 Cr via Commercial Papers

Biocon plans to raise up to Rs 600 crore through issuance of commercial papers in one...

Bird Flu Spreads: India Tightens Biosecurity Rules

India strengthens biosecurity measures for poultry farms as bird flu outbreaks expand...

Increase Soybean Consumption to Tackle Protein...

Soybean consumption in India is low, leading to protein deficiency. An industry body...

Maharashtra to Grant 'Industrial Township'...

Maharashtra CM Fadnavis directs officials to grant 'industrial township' status to...

TVS Motor Expands EV Footprint in Southeast Asia

TVS Motor Company integrates ION Mobility assets to strengthen its presence in...

Goyal Accuses Congress of Misleading Startups

Commerce Minister Piyush Goyal criticizes Congress for misinterpreting his message at...

Samunnati Borrowing Rises 50% to Rs 2,300 cr in...

Samunnati's FY25 borrowings surged by 50% to Rs 2,300 crore, driven by expansion and...

RBI Proposes New Regulations on Export & Import...

The Reserve Bank of India (RBI) has proposed revised draft regulations covering export...

Bank Unions Appeal for Employee Security in...

Bank unions in Maharashtra have appealed to the Chief Minister for protection after MNS...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2025 Rediff.com