Copper Futures Slip on Muted Demand in India
By Rediff Money Desk, New Delhi Jul 23, 2024 13:41
Copper futures on the Multi Commodity Exchange fell 1.31% to Rs 806.15 per kg on Tuesday, driven by muted demand and speculator position trimming.
New Delhi, Jul 23 (PTI) Copper futures on Tuesday fell 1.31 per cent to Rs 806.15 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 10.70 or 1.31 per cent to Rs 806.15 per kg in a business turnover of 8,330 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 10.70 or 1.31 per cent to Rs 806.15 per kg in a business turnover of 8,330 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
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 2.89 (+ 4.71)
- 290651505
- Vodafone Idea L
- 15.28 ( -3.84)
- 94561203
- Khoobsurat
- 1.63 (+ 4.49)
- 31111680
- YES Bank Ltd.
- 24.96 ( -2.77)
- 29943065
- NCL Research
- 0.95 (+ 4.40)
- 26316041
MORE NEWS
Pakistan PM Aims for USD 60 Billion Exports in...
Pakistan Prime Minister Shehbaz Sharif sets a goal to increase the country's exports to...
![India Budget...](https://im.rediff.com/80-80/money/2024/jan/17nirmala-sitharaman.jpg)
India Budget 2024: Fiscal Consolidation, Common...
India's Budget 2024 focuses on fiscal consolidation and common man's interests, with...
![Union Budget...](https://im.rediff.com/80-80/business/2012/nov/27housing1.jpg)
Union Budget Boosts Real Estate: Urbanisation,...
Real estate players applaud Union Budget's emphasis on urbanisation, infra development,...