2026-01-08 11:18:24 am | Source: Accord Fintech
Copper futures trade in red with geopolitical tensions
Copper futures traded in red on MCX, due to liquidation of bets on profit taking at prevailing levels and on tepid demand outlook counting on persisting geopolitical tensions. Additionally, stronger dollar and improved inventory positions also fuelled the bearish trend.
The contract for January delivery was trading at Rs 1286.00 down by 1.66% or Rs 21.75 from its previous closing of Rs 1307.75. The open interest of the contract stood at 14967 lots.
The contract for February delivery was trading at Rs 1306.00 down by 1.56% or Rs 20.65 from its previous closing of Rs 1326.65. The open interest of the contract stood at 5831 lots on MCX.
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