Copper Futures Slip on Muted Demand in India
By Rediff Money Desk, New Delhi Aug 08, 2024 13:34
Copper futures on the Multi Commodity Exchange (MCX) fell 0.29% to Rs 768.65 per kg due to weak domestic demand and position trimming by speculators.
New Delhi, Aug 8 (PTI) Copper futures on Thursday fell 0.29 per cent to Rs 768.65 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 2.25 or 0.29 per cent to Rs 774.60 per kg in a business turnover of 14,409 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 2.25 or 0.29 per cent to Rs 774.60 per kg in a business turnover of 14,409 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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