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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.

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
first published: Jul 30, 2020 01:35 pm
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