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Copper futures up on rising spot demand

Press Trust of India  |  New Delhi 

Copper futures rose 0.26 per cent to Rs 36.40 per kg today as participants widened their bets, taking positive cues from the spot market on pick-up in demand.

At Multi Commodity Exchange, copper for delivery in the current month contract was trading higher by 95 paise, or 0.26 per cent, to Rs 36.40 per kg with a turnover of 309 lots.

The metal for delivery in far-month August contract was up by 70 paise, or 0.19 per cent, to Rs 370.30 per kg with a trade volume of 25 lots.

Market analysts attributed the rise in copper futures trade to widening of positions, triggered by a firm trend at the physical market.

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

First Published: Mon, June 19 2017. 11:42 IST