Copper futures slip on muted demand

New Delhi, Jul 16 (PTI) Copper futures on Tuesday fell 0.06 per cent to Rs 854.90 per kilogram as participants cut their positions amid a muted demand in the domestic market.

On the Multi Commodity Exchange, copper contracts for July delivery eased by 50 paise or 0.06 per cent to Rs 854.90 per kg in a business turnover of 7,567 lots.

Analysts said trimming of positions by speculators amid a muted demand in the spot market mainly dragged down copper prices in the futures trade.