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Copper futures down 0.06% on tepid spot demand

Press Trust of India  |  New Delhi 

Copper prices fell 0.06 per cent to Rs 430.25 per kg in futures trade Friday as participants trimmed their bets amid a weak trend in domestic market.

Moreover, muted demand from consuming industries in the spot market weighed on prices.

At the Multi Commodity Exchange, copper for delivery in June contracts was trading lower by 25 paise, or 0.06 per cent, to Rs 430.25 per kg with a business turnover of 16,841 lots.

Analysts said, cutting down of bets by participants in line with a weak trend at the spot market mainly led to the fall in copper futures.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, May 03 2019. 15:10 IST