Copper futures decline 1% on weak demand

NEW DELHI: Copper futures on Friday slipped 1.17 per cent to Rs 760.95 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 9, or 1.17 per cent, to Rs 760.95 per kg in a business turnover of 4,290 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.

News

Articles You May Like

How crypto, precious metals, oil, and Big Tech react to policy pivot in US
Brics Pay, EU broaden reach, while US Fed blames tariffs for inflation. Trader’s calendar for January 29-31
How DePIN Crypto is Revolutionizing Infrastructure in Web3?

Leave a Reply

Your email address will not be published. Required fields are marked *