Copper futures advance on global cues, spot demand

Image
Press Trust of India New Delhi
Last Updated : Oct 12 2016 | 6:02 PM IST
Copper prices edged higher by 45 paise, or 0.14 per cent, to Rs 331.30 per kg in futures trade on firm global cues and some demand at domestic spot markets.
The exchange was closed in the morning session on account of 'Moharum'.
At the Multi Commodity Exchange, the copper for delivery in far-month February 2017 moved up by 45 paise, or 0.14 per cent to Rs 331.30 per kg in business turnover of 6 lots.
The metal for delivery in November edged up by 40 paise, or 0.12 per cent to Rs 325.35 per kg in 1,398 lots.
Market analysts said apart from a firm trend overseas, uptick in demand from consuming industries mainly kept copper prices higher at futures trade.
Meanwhile, copper for delivery in three months added 0.3 per cent on the London Metal Exchange.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Oct 12 2016 | 6:02 PM IST

Next Story