Copper futures traded lower on MCX as market participants trimmed their positions in line with weak trend overseas. Besides, stockpiles of the metal used in power and construction also lead to the downdraft.
The contract for June delivery was trading at Rs 461.45, down by 0.49% or Rs 2.25 from its previous closing of Rs 463.70. The open interest of the contract stood at 14010 lots.
The contract for August delivery was trading at Rs 465.35, down by 0.50% or Rs 2.35 from its previous closing of Rs 467.70. The open interest of the contract stood at 592 lots on MCX.