Copper Futures Decline on Weak Demand in India
Copper futures prices on the Multi Commodity Exchange (MCX) fell on Thursday, driven by weak demand in the domestic market. Concerns about US tariffs also impacted sentiment.
New Delhi, Mar 27 (PTI) Copper futures on Thursday slipped 0.41 per cent to Rs 906.25 per kilogram as participants reduced their positions amid muted demand in the domestic market.
On the Multi Commodity Exchange, copper contracts for April delivery eased by Rs 3.75 or 0.41 per cent to Rs 906.25 per kilogram in a business turnover of 8,538 lots.
"Copper prices traded lower as concerns over looming US tariffs weighed on sentiment, but sharper losses were averted as markets tracked some weakness in the dollar," Heena Naik, Research Analyst of Commodities at Angel One, said.
On the Multi Commodity Exchange, copper contracts for April delivery eased by Rs 3.75 or 0.41 per cent to Rs 906.25 per kilogram in a business turnover of 8,538 lots.
"Copper prices traded lower as concerns over looming US tariffs weighed on sentiment, but sharper losses were averted as markets tracked some weakness in the dollar," Heena Naik, Research Analyst of Commodities at Angel One, said.
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