Copper Futures Decline on Weak Demand in India
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Copper futures fell in India on Wednesday due to reduced buying amid muted demand. The decline in prices was attributed to participants reducing their positions.
New Delhi, May 7 (PTI) Copper futures on Wednesday slipped 0.38 per cent to Rs 847.90 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 3.25 or 0.38 per cent to Rs 847.90 per kilogram in a business turnover of 6,878 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 3.25 or 0.38 per cent to Rs 847.90 per kilogram in a business turnover of 6,878 lots.
Analysts attributed the rise in copper prices to higher bets by participants.
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