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Copper futures marginally up on spot demand

Press Trust of India  |  New Delhi 

Copper futures traded 0.24 per cent higher at Rs 404.70 per kg today as speculators enlarged positions amid firming trend at the domestic spot markets.

In futures trade, copper for delivery in November was trading higher by 95 paise, or 0.24 per cent, at Rs 404.70 per kg in a business turnover of 570 lots at the Multi Commodity Exchange.

Similarly, the metal for delivery in far-month February next year edged up by 75 paise, or 0.18 per cent, at Rs 409.15 per kg in 57 lots.

Market analysts said a better trend in base metals at the domestic spot markets on pick-up in demand from consuming industries and a firm trend in the base metals pack at the Metal Exchange, influenced copper futures here.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, November 28 2016. 11:32 IST