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Copper futures trade lower on MCX

Copper futures traded lower on MCX, due to fresh selling by market players in line with the news that United States geared up to begin collecting tariffs on a further $16 billion of Chinese goods later this month. Even though, a weaker dollar trimmed the downward momentum.

The contract for August delivery was trading at Rs 418.90, down 0.53% or Rs 2.25 from its previous closing of Rs 421.15. The open interest of the contract stood at 28324 lots.

The contract for November delivery was trading at Rs 426.10, down by 0.53% or Rs 2.25 from its previous closing of Rs 428.35. The open interest of the contract stood at 828 lots on MCX.

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