Copper Futures Decline on Weak Demand
Copper futures fell 1.95% on Wednesday to Rs 842.75 per kg due to weak demand in the domestic market. Speculators trimmed positions, dragging prices down.
New Delhi, Nov 6 (PTI) Copper futures on Wednesday fell 1.95 per cent to Rs 842.75 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 16.80 or 1.95 per cent to Rs 842.75 per kg in a business turnover of 8,436 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 16.80 or 1.95 per cent to Rs 842.75 per kg in a business turnover of 8,436 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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