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.
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