Domestic Market Weak Demand Drives Copper Futures Drop

Domestic Market Weak Demand Drives Copper Futures Drop.webp


New Delhi, February 10 Copper futures prices fell by Rs 6.40 to Rs 1,271.50 per kilogram on Tuesday as participants reduced their positions due to weak demand in the domestic market.

On the Multi Commodity Exchange, copper futures for the March contract decreased by Rs 6.40, or 0.5 percent, to Rs 1,271.50 per kilogram in a trading volume of 333 lots.

Analysts attributed the decline in copper prices to reduced hedging activity by participants.
 
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