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Copper futures slip on muted demand

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NewsDrum Desk
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New Delhi: Copper futures on Wednesday fell by Rs 4.75 to Rs 776.50 per kilogramme as participants cut their positions amid a muted demand in the domestic market.

On the Multi Commodity Exchange, copper contracts for April delivery eased by Rs 4.75 or 0.61 per cent to Rs 776.50 per kg in a business turnover of 2,997 lots.

Analysts said trimming of positions by speculators amid muted demand in the spot market mainly dragged down copper prices in the futures trade.

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