Copper futures fall 2% on weak demand

News

NEW DELHI: Copper futures on Friday slipped 1.79 per cent to Rs 663 per kg as participants cut their positions amid muted demand in the domestic market.

On the Multi Commodity Exchange, copper contracts for March delivery eased by Rs 12.05, or 1.79 per cent, to Rs 663 per kg in a business turnover of 2,848 lots.

Analysts said trimming of positions by speculators due to muted demand in spot market mainly led to the fall in copper prices here.

Articles You May Like

Aussie Steady after RBA Hike, Dollar Sluggish
Premium & Discount Zones | SMC Tutorial (LuxAlgo Smart Money Concepts) 📈
Sentiment Lifted by Fed Powell, Dollar Down While Stocks Up
Sugar stocks jump up to 10% on reports of 7% drop in sugar output
Gold rate today: Yellow metal eases after a run-up; silver tops Rs 65,000 on MCX