Copper Futures Decline on Weak Demand - PTI
Copper futures fell 0.15% on Monday to Rs 867.25 per kg on the Multi Commodity Exchange due to weak demand and position trimming by speculators.
New Delhi, Oct 7 (PTI) Copper futures on Monday fell 0.15 per cent to Rs 867.25 per kilogram as participants cut their positions amid a muted demand in the domestic market.
On the Multi Commodity Exchange, copper contracts for November delivery eased by Rs 1.30 or 0.15 per cent to Rs 867.25 per kg in a business turnover of 2,040 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 November delivery eased by Rs 1.30 or 0.15 per cent to Rs 867.25 per kg in a business turnover of 2,040 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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