Copper futures traded lower on MCX as speculators cut down their bets, amid weak trend in industrial metals following sluggish demand from consuming industries at the domestic spot market. The contract for August delivery was trading at Rs 406.85, down by 0.26% or Rs 1.05 from its previous closing of Rs 407.90. The open interest of the contract stood at 19028 lots.

The contract for November delivery was trading at Rs 413.35, down by 0.24% or Rs 1.00 from its previous closing of Rs 414.35. The open interest of the contract stood at 3073 lots on MCX.

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