Copper Futures Slip on Weak Demand - PTI

By By Rediff Money Desk, NEWDELHI
Dec 28, 2023 15:14
Copper futures fell on the Multi Commodity Exchange due to muted demand in the domestic market. Speculators trimmed positions, leading to a decline in prices.
New Delhi, Dec 28 (PTI) Copper futures on Thursday fell Rs 4.25 to Rs 735.05 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 Rs 4.25 or 0.57 per cent to Rs 735.05 per kg in a business turnover of 5,141 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 pricesmulti 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

UP Excise Policy...
UP Excise Policy 2025-26: Composite Shops...

Uttar Pradesh's new excise policy for 2025-26 has come into effect, introducing...

India-Chile Mining Cooperation: Strengthening Ties

India and Chile discussed ways to strengthen their mining sector cooperation, focusing...

Anant Ambani...
Anant Ambani Saves Chickens During 'Padyatra' -...

Anant Ambani, son of Mukesh Ambani, rescued chickens from slaughter during his...

UBS Completes...
UBS Completes Credit Suisse Merger in India -...

UBS has completed the merger of Credit Suisse Service Company entities with UBS...

Swiggy Faces Rs...
Swiggy Faces Rs 158 Cr Tax Demand: Details &...

Swiggy received a Rs 158 crore tax demand from the Income-tax department for FY22,...

DRI & Customs Book 206 Cases for Substandard...

The Directorate of Revenue Intelligence and Customs have booked 206 cases against...

Siemens Energy...
Siemens Energy India Appoints New Board of...

Siemens Energy India announces its new board of directors, led by Sunil Mathur as...

Finance Minister...
Finance Minister Urges No Politics in Public...

Finance Minister Nirmala Sitharaman emphasizes the importance of fiscal prudence and...

India's Tariff Policy: Regulating Trade &...

India's tariff policy aims to regulate trade, protect domestic industries, and generate...

STT GDC Opens New Data Center in Kolkata - Rs...

STT GDC has launched a new data center campus in Kolkata, investing Rs 450 crore. The...

Read More »

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