Copper Futures Fall on Weak Demand - PTI
By Rediff Money Desk, New Delhi May 08, 2024 14:56
Copper futures on the Multi Commodity Exchange fell 1.49% to Rs 852.10 per kilogram on Wednesday, driven by muted demand in the domestic market.
New Delhi, May 8 (PTI) Copper futures on Wednesday fell 1.49 per cent to Rs 852.10 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 12.90 or 1.49 per cent to Rs 852.10 per kg in a business turnover of 6,800 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 12.90 or 1.49 per cent to Rs 852.10 per kg in a business turnover of 6,800 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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