Copper futures traded lower on MCX due to curtailed bets by market participants counting on sluggish demand from industrial consumers. Moreover, firmer dollar made the green back denominated red metal costlier for other currency holders.
The contract for February delivery was trading at Rs 781.85 down by 0.22% or Rs 1.70 from its previous closing of Rs 783.55. The open interest of the contract stood at 4439 lots.
The contract for January delivery was trading at Rs 782.00 down by 0.17% or Rs 1.30 from its previous closing of Rs 783.30. The open interest of the contract stood at 234 lots on MCX