Copper Futures Drop on Weak Demand - PTI
By Rediff Money Desk, NEWDELHI Dec 29, 2023 14:45
Copper futures fell on the Multi Commodity Exchange due to muted demand in the domestic market. Speculators cut their positions, leading to a decline in prices.
New Delhi, Dec 29 (PTI) Copper futures on Friday fell 45 paise to Rs 734.25 per kilogram as participants cut their positions amid a muted demand in the domestic market.
On the Multi Commodity Exchange, copper contracts for January delivery eased by 45 paise or 0.06 per cent to Rs 734.25 per kg in a business turnover of 5,041 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 January delivery eased by 45 paise or 0.06 per cent to Rs 734.25 per kg in a business turnover of 5,041 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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