Copper Futures Fall 0.29% As Speculators Trim Bets

Copper futures traded 0.29 percent lower at Rs 440.40 per kg Monday as speculators offloaded bets to book profits. Furthermore, subdued demand at domestic spot market pushed down metal prices.

At the Multi Commodity Exchange, copper for delivery in far-month February shed Rs 1.30, or 0.29 percent, to Rs 440.40 per kg in a business turnover of 263 lots.

Analysts attributed the fall to offloading of positions by participants amid muted demand at the domestic spot markets.

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