Business Standard

Thursday, January 09, 2025 | 09:50 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Copper futures slide 0.38% on profit booking

Image

Press Trust of India New Delhi
Copper prices moved down by 0.38 per cent to Rs 453.75 per kg in futures trade today as speculators indulged in reducing their positions to book profits.

Besides, low demand from consuming industries in the spot market weighed on prices.

At the Multi Commodity Exchange, copper for delivery in November fell by Rs 1.75 or 0.38 per cent to Rs 453.75 per kg in business turnover of 6,445 lots.

Likewise, the metal for delivery in far-month February traded lower by Rs 1.60 or 0.35 per cent to Rs 458.80 per kg in 59 lots.

Analysts attributed the fall in copper prices at futures trade to profit-booking by speculators amid a muted demand at the domestic spot markets.

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 23 2017 | 1:42 PM IST

Explore News