Copper futures declined on the Multi Commodity Exchange due to weak demand and trimming of positions by speculators. Prices fell to Rs 861.05 per kg.
New Delhi, Oct 14 (PTI) Copper futures on Monday fell 0.43 per cent to Rs 861.05 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 3.75 or 0.43 per cent to Rs 861.05 per kg in a business turnover of 4,376 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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