Copper futures fell on the Multi Commodity Exchange due to muted demand and position trimming by speculators. Read more about the price decline.
New Delhi, Jan 29 (PTI) Copper futures on Monday fell Rs 1.60 to Rs 727.90 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 1.60 or 0.22 per cent to Rs 727.90 per kg in a business turnover of 4,523 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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