Commodity Watch: Copper futures decline on reduced bets

New Delhi: Copper futures fell Rs 42.15 to Rs 1,295.95 per kilogram as participants reduced their positions amid muted demand in the domestic market. Copper futures for the January contract eased by 3.15 per cent in a business turnover of 13,505 lots. Analysts attributed the decline in copper prices to lower bets by participants.

Aluminium futures fall on low demand

Aluminium prices declined by Rs 2.10 to Rs 296.40 per kilogram in the futures trade as participants trimmed their positions on a weak trend in the spot market. Aluminium for delivery in January fell 0.7 per cent in 4,459 lots.

Zinc futures ease on weak trend

Zinc prices fell Rs 2.10 to Rs 306.90 per kilogram in futures trade as speculators reduced their exposure, tracking negative cues from the spot market. Zinc contracts for January delivery slipped 0.68 per cent in a turnover of 5,250 lots. Analysts said the trimming of positions by participants mainly weighed on zinc prices.