Thursday, 10 August 2017

Copper Futures dip 0.52% on Sluggish Demand

Copper futures were trading lower during the noon trade in the domestic market on Tuesday as speculators offloaded their positions amid sluggish demand at the domestic spot markets. Analysts attributed the fall in copper futures to weak trends at the domestic markets owing to slackened demand from consuming industries coupled with profit-booking.

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At the MCX, cardamom futures for August 2017 contract was trading at Rs 408.40 per kg, down by 0.52 per cent, after opening at Rs 408.20, against a previous close of Rs 410.55. It touched the intra-day low of Rs 407.80

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