Copper futures fell 0.98% on the Multi Commodity Exchange due to muted demand in the domestic market. Analysts cite speculator trimming and weak spot market demand.
New Delhi, Jun 11 (PTI) Copper futures on Tuesday fell 0.98 per cent to Rs 854.50 per kilogram as participants cut their positions amid a muted demand in the domestic market.
On the Multi Commodity Exchange, copper contracts for June delivery eased Rs 8.45 or 0.98 per cent to Rs 854.50 per kg in a business turnover of 6,744 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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