Copper Futures Decline on Weak Demand - PTI
Copper futures fell on Wednesday due to muted demand in the domestic market, according to the Press Trust of India. Participants trimmed their positions, leading to a decline in prices.
New Delhi, Feb 28 (PTI) Copper futures on Wednesday fell Rs 3.65 to Rs 723.25 per kilogram as participants cut their positions amid a muted demand in the domestic market.
On the Multi Commodity Exchange, copper contracts for March delivery eased Rs 3.65 or 0.5 per cent to Rs 723.25 per kg in a business turnover of 3,956 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 March delivery eased Rs 3.65 or 0.5 per cent to Rs 723.25 per kg in a business turnover of 3,956 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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