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Copper Futures Decline on Weak Demand | PTI

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By Rediff Money Desk, New Delhi   May 07, 2024 15:00

Copper futures fell 0.43% on the Multi Commodity Exchange due to muted demand and position trimming by speculators. Read more on PTI.
New Delhi, May 7 (PTI) Copper futures on Tuesday fell 0.43 per cent to Rs 863 per kilogram as participants cut their positions amid a muted demand in the domestic market.

On the Multi Commodity Exchange, copper contracts for May delivery eased Rs 3.70 or 0.43 per cent to Rs 863 per kg in a business turnover of 6,505 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.
Source: PTI
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