Copper futures drop 1% on weak demand
On Multi Commodity Exchange, copper contracts for April delivery eased by Rs 8.50 to Rs 660.25 per kg.
By PTI |
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NEW DELHI: Copper futures on Thursday slipped 1.27 per cent to Rs 660.25 per kg as participants cut their positions amid muted demand in domestic market.
On the Multi Commodity Exchange, copper contracts for April delivery eased by Rs 8.50, or 1.27 per cent, to Rs 660.25 per kg in a business turnover of 3,254 lots.
Analysts said trimming of positions by speculators due to muted demand in spot market mainly led to the fall in copper prices here.
On the Multi Commodity Exchange, copper contracts for April delivery eased by Rs 8.50, or 1.27 per cent, to Rs 660.25 per kg in a business turnover of 3,254 lots.
Analysts said trimming of positions by speculators due to muted demand in spot market mainly led to the fall in copper prices here.
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