Copper futures fall on weak demand
On the Multi Commodity Exchange, copper contracts for the September delivery eased by Rs 12.80, or 1.74 per cent, to Rs 722.25 per kg in a business turnover of 3,827 lots.
By PTI |
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NEW DELHI: Copper futures on Thursday slipped 1.74 per cent to Rs 722.25 per kg, as participants cut their positions amid muted demand in the domestic market.
On the Multi Commodity Exchange, copper contracts for the September delivery eased by Rs 12.80, or 1.74 per cent, to Rs 722.25 per kg in a business turnover of 3,827 lots.
Analysts said trimming of positions by speculators due to muted demand in the spot market mainly led to the fall in copper prices here.
On the Multi Commodity Exchange, copper contracts for the September delivery eased by Rs 12.80, or 1.74 per cent, to Rs 722.25 per kg in a business turnover of 3,827 lots.
Analysts said trimming of positions by speculators due to muted demand in the spot market mainly led to the fall in copper prices here.
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