Copper futures slide 0.13 pc on low demand

Press Trust of India  |  New Delhi 

prices fell 0.13 per cent to Rs 428.80 per kg in futures trade Monday as speculators reduced their exposure amid easing demand in the spot market.

However, a firm trend in the base metals pack led by copper, restricted the losses.

At the Multi Commodity Exchange, for delivery in February declined by 55 paise, or 0.13 per cent, to Rs 428.80 per kg in business turnover of 2,973 lots.

Analysts said participants trimmed their positions owing to slackened demand from consuming industries in the physical markets.

At the London Metal Exchange, three-month gained 1.0 per cent to USD 6,052 per tonne after touching USD 6,071, its highest since December 28 on easing US-trade tensions.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, January 21 2019. 12:10 IST