Copper Futures Slip on Muted Demand - PTI
Copper futures on the Multi Commodity Exchange fell on Wednesday due to reduced demand in the domestic market, with analysts citing position trimming by speculators as a key factor.
New Delhi, Jan 3 (PTI) Copper futures on Wednesday fell Rs 4.35 to Rs 725.50 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 Rs 4.35 or 0.6 per cent to Rs 725.50 per kg in a business turnover of 5,265 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 January delivery eased by Rs 4.35 or 0.6 per cent to Rs 725.50 per kg in a business turnover of 5,265 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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