Copper prices witnessed a decline on Friday, falling by 0.64 percent to Rs 858.95 per kilogram in futures trading. This decrease was driven by speculators trimming their positions due to subdued demand in the domestic spot market.
According to trading data from the Multi Commodity Exchange (MCX), copper contracts scheduled for delivery in March dropped by Rs 5.50, settling at Rs 858.95 per kg. The day's session recorded a business turnover of 5,626 lots.
Market analysts attributed the decline primarily to speculators who reduced their exposure, reflecting the lacklustre demand conditions currently prevalent in the domestic markets.
The easing of copper futures underscores the cautious sentiment among market participants who appear hesitant to hold significant positions amid uncertain market dynamics.
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