Copper Futures Fall on Weak Demand
By Rediff Money Desk, New Delhi Aug 07, 2024 14:06
Copper futures on the Multi Commodity Exchange fell 1.01% to Rs 774.60 per kg due to muted demand and position trimming by speculators.
New Delhi, Aug 7 (PTI) Copper futures on Wednesday fell 1.01 per cent to Rs 774.60 per kilogram as participants cut their positions amid a muted demand in the domestic market.
On the Multi Commodity Exchange, copper contracts for August delivery eased by Rs 7.90 or 1.01 per cent to Rs 774.60 per kg in a business turnover of 13,527 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 August delivery eased by Rs 7.90 or 1.01 per cent to Rs 774.60 per kg in a business turnover of 13,527 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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