Copper Futures Slip on Muted Demand in India
By Rediff Money Desk, New Delhi Jul 30, 2024 12:57
Copper futures on the Multi Commodity Exchange (MCX) fell 0.18% on Tuesday, driven by weak demand and position trimming by speculators. Read more.
New Delhi, Jul 30 (PTI) Copper futures on Tuesday fell 0.18 per cent to Rs 789.80 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 1.40 or 0.18 per cent to Rs 789.80 per kg in a business turnover of 13,838 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 1.40 or 0.18 per cent to Rs 789.80 per kg in a business turnover of 13,838 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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