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Copper futures slip on subdued demand

Business Finance

Press Trust of India  |  New Delhi 

Copper futures on Monday fell 4.55 per cent to Rs 355.80 per kg as speculators reduced their exposure due to weak spot demand.

On the Multi Commodity Exchange, copper contracts for the March month delivery traded lower by Rs 16.95, or 4.55 per cent, to Rs 355.80 per kg in a business turnover of 2,549 lots.

Similarly, copper contracts for the April month delivery fell Rs 16.70, or 4.45 per cent, to Rs 358.30 per kg in a business turnover of 621 lots.

Traders attributed the subdued demand in spot market mainly to lower copper prices.

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

First Published: Mon, March 23 2020. 12:28 IST