Supported by short-covering and a higher trend at the London Metal Exchange (LME), copper futures prices recovered by 0.40 per cent to Rs 454.60 per kg today.
At the Multi Commodity Exchange, copper futures prices for delivery in June rose by Rs 1.80, or 0.40 per cent, to Rs 454.60 per kg, with a business turnover of 290 lots.
Similarly, the metal for delivery in April also gained Rs 1.65, or 0.37 per cent, to Rs 450.95 per kg, with a turnover of 5,406 lots. It had lost 0.35 per cent to Rs 449.30 per kg in the previous session.
Analysts said sentiment turned better at the domestic futures market here as copper prices strengthened at the LME.
Meanwhile, copper for three-month delivery went up by 0.16 per cent to $9,883.50 per tonne at the LME.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app