Copper futures fell on Monday due to muted demand in the domestic market. Speculators trimmed their positions, leading to a decline in prices on the Multi Commodity Exchange.
New Delhi, Aug 5 (PTI) Copper futures on Monday fell 0.69 per cent to Rs 789.65 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 5.45 or 0.69 per cent to Rs 789.65 per kg in a business turnover of 13,404 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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