Copper Futures Decline on Muted Demand
Copper futures on the Multi Commodity Exchange slipped due to weak domestic demand, with analysts citing speculator position trimming as a key factor.
New Delhi, Dec 5 (PTI) Copper futures on Tuesday declined Rs 4.55 to Rs 715.65 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 4.55 or 0.63 per cent to Rs 715.65 per kg in a business turnover of 5,191 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.
On the Multi Commodity Exchange, copper contracts for December delivery eased by Rs 4.55 or 0.63 per cent to Rs 715.65 per kg in a business turnover of 5,191 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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