Copper Futures Decline on Weak Demand - PTI
Copper futures fell 0.08% on the Multi Commodity Exchange due to weak demand and position trimming by speculators. Read more about the decline in copper prices.
New Delhi, Jan 28 (PTI) Copper futures on Monday fell 0.08 per cent to Rs 826.15 per kilogram as participants reduced their positions amid muted demand in the domestic market.
On the Multi Commodity Exchange, copper contracts for February delivery eased by 65 paise or 0.08 per cent to Rs 826.15 per kg in a business turnover of 5,985 lots.
Analysts said trimming of positions by speculators amid muted demand in the spot market mainly dragged down copper prices in the futures trade.
On the Multi Commodity Exchange, copper contracts for February delivery eased by 65 paise or 0.08 per cent to Rs 826.15 per kg in a business turnover of 5,985 lots.
Analysts said trimming of positions by speculators amid muted demand in the spot market mainly dragged down copper prices in the futures trade.
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