Copper futures fall 1% amid muted demand

News

NEW DELHI: Copper futures on Thursday slipped 1.09 per cent to Rs 714.20 per kg, as participants cut their positions amid muted demand in the domestic market.

On the Multi Commodity Exchange, copper contracts for the June delivery eased by Rs 7.90, or 1.09 per cent, to Rs 714.20 per kg in a business turnover of 5,087 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.

Articles You May Like

NASDAQ index soars leading the stock market gains
Make $500 PER Day With This SIMPLE Day Trading Strategy – Forex Crypto Gold Stocks
WTI crude oil settles at $79.98
Sentiment Lifted by Fed Powell, Dollar Down While Stocks Up
USD/MXN: Mexican Peso resilience might not last long due to domestic and external risks – MUFG