Copper Futures Decline on Weak Demand in India
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Copper futures in India fell on Friday due to weak domestic demand, with May contracts slipping 0.54% to Rs 856.15 per kilogram on the Multi Commodity Exchange.
New Delhi, Apr 25 (PTI) Copper futures on Friday slipped 0.54 per cent to Rs 856.15 per kilogram as participants reduced their positions amid muted demand in the domestic market.
On the Multi Commodity Exchange, copper contracts for May delivery eased by Rs 4.65 or 0.54 per cent to Rs 856.15 per kilogram in a business turnover of 6,983 lots.
Analysts attributed the rise in copper prices to higher bets by participants.
On the Multi Commodity Exchange, copper contracts for May delivery eased by Rs 4.65 or 0.54 per cent to Rs 856.15 per kilogram in a business turnover of 6,983 lots.
Analysts attributed the rise in copper prices to higher bets by participants.
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