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.

Articles You May Like

NASDAQ index extends to a new high for the year (and going to August 2022)
US: New Home Sales rise 4.1% in April vs. 3.3% expected
Commodity Talk: Direction in crude oil only after US debt ceiling resolution: Pritam Patnaik of Axis Securities
Markets in Mildly Positive Mood as Another Debt Ceiling Talk Awaited
Best forex indicator🔧 #trading #shorts #forex #trading #indicator #tradingview #makemoney #money

Leave a Reply

Your email address will not be published.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