2026-01-07 11:27:47 am | Source: Accord Fintech
Copper futures trade lower on profit booking
Copper futures traded lower on MCX, on account of profit booking after the red metal rates soared on potential supply crunch fuelled by the speculation that the Trump administration might impose new tariffs on refined metals.
The contract for January delivery was trading at Rs 1333.60 down by 0.35% or Rs 4.70 from its previous closing of Rs 1338.30. The open interest of the contract stood at 14400 lots.
The contract for February delivery was trading at Rs 1355.45 down by 0.29% or Rs 3.90 from its previous closing of Rs 1359.35. The open interest of the contract stood at 5275 lots on MCX.
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