Copper Futures Slip on Muted Demand - PTI
Copper futures fell on the Multi Commodity Exchange due to muted demand and profit-taking by traders. The February contract closed at Rs 727.20 per kg.
New Delhi, Feb 1 (PTI) Copper futures on Thursday marginally fell Rs 6.05 to Rs 727.20 per kilogram as participants cut their positions amid a muted demand in the domestic market.
On the Multi Commodity Exchange, copper contracts for February delivery eased by Rs 6.05 or 0.83 per cent to Rs 727.20 per kg in a business turnover of 4,548 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 February delivery eased by Rs 6.05 or 0.83 per cent to Rs 727.20 per kg in a business turnover of 4,548 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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