Copper futures fall 1% on weak demand

NEW DELHI: Copper futures on Wednesday slipped 0.95 per cent to Rs 709.95 per kg as participants cut their positions amid muted demand in domestic market.

On the Multi Commodity Exchange, copper contracts for March delivery eased by Rs 6.80, or 0.95 per cent, to Rs 709.95 per kg in a business turnover of 4,136 lots.

Analysts said trimming of positions by speculators due to muted demand in the spot market mainly led to the fall in copper prices here.

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