Copper futures on the Multi Commodity Exchange fell on Friday due to muted demand in the domestic market, with analysts citing trimming of positions by speculators as a key factor.
New Delhi, Jan 5 (PTI) Copper futures on Friday fell 85 pasie to Rs 724.10 per kilogram as participants cut their positions amid a muted demand in the domestic market.
On the Multi Commodity Exchange, copper contracts for January delivery eased by 85 paise or 0.12 per cent to Rs 724.10 per kg in a business turnover of 5,452 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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