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BW Businessworld

Copper Futures Fall On Weak Demand

Copper contracts for the August delivery eased by Rs 9.15, or 1.25 per cent, to Rs 723.35 per kg in a business turnover of 4,419 lots.

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Copper futures on Monday slipped 1.25 per cent to Rs 723.35 per kg, as participants cut their positions amid muted demand in the domestic market.

On the Multi Commodity Exchange, copper contracts for the August delivery eased by Rs 9.15, or 1.25 per cent, to Rs 723.35 per kg in a business turnover of 4,419 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. 

(PTI)


Tags assigned to this article:
copper multi commodity exchange domestic markets