Copper futures down 0.49% on subdued spot demand

Copper futures down 0.49% on subdued spot demand

14/08/2017 12:10

Copper futures were trading lower during the noon trade in the domestic market on Monday amid muted demand in the domestic spot markets and profit-booking by speculators.

Analysts attributed the fall in copper prices at futures trade to a weak demand at the domestic spot markets amid profit-booking at higher levels, led to the decline in copper prices in futures trade.

At the MCX, copper futures for August 2017 contract was trading at Rs 410.25 per kg, down by 0.49 per cent, after opening at Rs 412.00, against a previous close of Rs 412.25. It touched the intra-day low of Rs 410.05 (at 12:10 hours).

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