Copper futures slide on weak demand

New Delhi, Jan 27 () Copper futures on Monday traded 1.62 per cent lower at Rs 431.55 per kg as speculators reduced their exposure on weak spot demand.

On the Multi Commodity Exchange, copper contracts for January delivery fell by Rs 7.10, or 1.62 per cent, to Rs 431.55 per kg in a business turnover of 812 lots.

Similarly, copper contracts for February delivery traded lower by Rs 6.85, or 1.57 per cent, at Rs 430.65 per kg in a business turnover of 2,491 lots.

Traders said weak demand at spot market mainly pushed down copper prices here. VHP SHW SHW