Copper futures fall on weak demand

On the Multi Commodity Exchange, copper for August delivery eased by Rs 2.45, or 0.48 percent, to Rs 507.20 per kg in a business turnover of 3,903 lots.

PTI

July 30, 2020 / 01:43 PM IST

Copper prices on Thursday slipped by Rs 2.45 to Rs 507.20 per kg as participants cut down their positions amid muted demand in domestic market.

On the Multi Commodity Exchange, copper for August delivery eased by Rs 2.45, or 0.48 percent, to Rs 507.20 per kg in a business turnover of 3,903 lots.

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

PTI

TAGS: #Business #Commodities #Copper

first published: Jul 30, 2020 01:35 pm

Watch

• Trade setup for Thursday: Top 15 things to know before Opening Bell Watch more
• Here Are The Logistics Stocks That Rose 50% Over Last One Year Watch more
• Meet the man who made Bhuvan Bam, the influencer with 3 billion YouTube views, a brand Watch more
• Ideas For Profit | Amid the scare of second wave of COVID, which bank stocks should investors bet on? Watch more

Must Listen

Simply Save Podcast | How to invest in your child’s name in a mutual fund?