Copper futures fell 0.54% on the Multi Commodity Exchange due to weak demand and position trimming by speculators. Learn more about the latest copper market trends.
New Delhi, Sep 3 (PTI) Copper futures on Tuesday fell 0.54 per cent to Rs 797.05 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 4.35 or 0.54 per cent to Rs 797.05 per kg in a business turnover of 11,298 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.
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.
© 2024 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback