Copper futures decline 1% on weak demand

NEW DELHI: Copper futures on Friday slipped 1.17 per cent to Rs 760.95 per kg as participants cut their positions amid muted demand in the domestic market.

On the Multi Commodity Exchange, copper contracts for the June delivery eased by Rs 9, or 1.17 per cent, to Rs 760.95 per kg in a business turnover of 4,290 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.