Copper futures declined on the Multi Commodity Exchange due to muted demand and profit-booking by speculators. Learn more about the market trend.
New Delhi, Jan 18 (PTI) Copper futures on Thursday fell 95 paise to Rs 712.35 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 95 paise or 0.13 per cent to Rs 712.35 per kg in a business turnover of 4,948 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.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
© 2024 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback