Copper Futures Decline on Weak Demand in India
Copper futures fell 0.27% to Rs 803.80 per kg on Monday due to weak demand in the Indian market. Analysts attribute the decline to trimming of positions by speculators.
New Delhi, Sep 2 (PTI) Copper futures on Monday fell 0.27 per cent to Rs 803.80 per kilogram as participants cut their positions amid a muted demand in the domestic market.
On the Multi Commodity Exchange, copper contracts for September delivery eased by Rs 2.20 or 0.27 per cent to Rs 803.80 per kg in a business turnover of 10,870 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 September delivery eased by Rs 2.20 or 0.27 per cent to Rs 803.80 per kg in a business turnover of 10,870 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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