Copper Futures Decline on Weak Demand in India
Copper futures on the Multi Commodity Exchange fell 1.73% on Tuesday due to weak demand in the domestic market. Analysts attribute the decline to speculators trimming their positions.
New Delhi, Oct 8 (PTI) Copper futures on Tuesday fell 1.73 per cent to Rs 852.05 per kilogram as participants cut their positions amid a muted demand in the domestic market.
On the Multi Commodity Exchange, copper contracts for October delivery eased by Rs 14.80 or 1.73 per cent to Rs 852.05 per kg in a business turnover of 1,656 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 October delivery eased by Rs 14.80 or 1.73 per cent to Rs 852.05 per kg in a business turnover of 1,656 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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