Copper Futures Slip on Weak Demand
Copper futures fell on the Multi Commodity Exchange on Monday due to muted demand in the domestic market. Speculators trimmed their positions, leading to a decline in prices.
New Delhi, Feb 5 (PTI) Copper futures on Monday fell 95 paise to Rs 721.10 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 95 paise or 0.13 per cent to Rs 721.10 per kg in a business turnover of 4,913 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 95 paise or 0.13 per cent to Rs 721.10 per kg in a business turnover of 4,913 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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