Copper Futures Slip on Weak Demand - PTI
Copper futures fell on Monday due to muted demand in the domestic market. Participants cut positions, leading to a decline in prices on the Multi Commodity Exchange.
New Delhi, Dec 4 (PTI) Copper futures on Monday fell Rs 3.30 to Rs 723.30 per kilogram as participants cut their positions amid a muted demand in the domestic market.
On the Multi Commodity Exchange, copper contracts for December delivery eased by Rs 3.30 or 0.45 per cent to Rs 723.30 per kg in a business turnover of 4,990 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 December delivery eased by Rs 3.30 or 0.45 per cent to Rs 723.30 per kg in a business turnover of 4,990 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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