Copper futures fall on weak demand

Copper futures fall on weak demand
PTI
Share
Font Size
Save
Comment
Synopsis

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

ETAuto
On the Multi Commodity Exchange, copper contracts for October delivery eased by 90 paise, or 0.17 per cent, to Rs 529.80 per kg in a business turnover of 5,531 lots.

Related

New Delhi: Copper prices on Friday slipped by 90 paise to Rs 529.80 per kg as participants cut down their positions amid muted demand in domestic market. On the Multi Commodity Exchange, copper contracts for October delivery eased by 90 paise, or 0.17 per cent, to Rs 529.80 per kg in a business turnover of 5,531 lots.

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

Read More News on

(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.