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Copper futures fall 0.29 pc as speculators trim bets

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Press Trust of India New Delhi
Last Updated : Dec 17 2018 | 12:25 PM IST

Copper futures traded 0.29 per cent lower at Rs 440.40 per kg Monday as speculators offloaded bets to book profits.

Furthermore, subdued demand at domestic spot market pushed down metal prices.

At the Multi Commodity Exchange, copper for delivery in far-month February shed Rs 1.30, or 0.29 per cent, to Rs 440.40 per kg in a business turnover of 263 lots.

Analysts attributed the fall to offloading of positions by participants amid muted demand at the domestic spot markets.

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First Published: Dec 17 2018 | 12:25 PM IST

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