Copper rises 0.2% on global cues
Increased domestic demand supported copper futures
)
Copper futures for April traded higher by 70 paise, or 0.17%, to Rs 408.65 per kg in 591 lots.
At the Multi Commodity Exchange (MCX), the June contract edged up by 65 paise, or 0.16%, to Rs 415.10 per kg in 47 lots.
Increased domestic demand from consuming industries supported the copper futures.
Firming trend overseas as miners prepared to strike in Chile, the biggest producer, influenced copper futures trade globally.
On the London Metal Exchange (LME), the three months' contract climbed 1.1% to $7,532 a tonne.
At Shanghai Futures Exchange (SFEX), the August contract rose 0.6% to 54,920 yuan ($8,853) a tonne.
At the Multi Commodity Exchange (MCX), the June contract edged up by 65 paise, or 0.16%, to Rs 415.10 per kg in 47 lots.
Increased domestic demand from consuming industries supported the copper futures.
Firming trend overseas as miners prepared to strike in Chile, the biggest producer, influenced copper futures trade globally.
On the London Metal Exchange (LME), the three months' contract climbed 1.1% to $7,532 a tonne.
At Shanghai Futures Exchange (SFEX), the August contract rose 0.6% to 54,920 yuan ($8,853) a tonne.
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Apr 09 2013 | 1:57 PM IST