Copper Futures Decline on Weak Demand | PTI
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.
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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