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Copper rises 0.5% on global cues

Prices rose due to increased domestic demand

Press Trust of India New Delhi
Copper futures for April traded higher by Rs 2.05, or 0.51%, to Rs 407.70 per kg in 5,435 lots.

At the Multi Commodity Exchange (MCX), the June contract edged up by Rs 2, or 0.49%, to Rs 414.25 per kg in 359 lots.

Prices rose due to increased domestic demand.

Demand from consuming industries, a firming trend overseas influenced copper prices at futures trade here.

On the London Metal Exchange (LME), the three months' contract climbed 0.7% to $7,459.50 a tonne.

At Shanghai Futures Exchange (SFEX), the August contract rose 0.30% to 54,150 yuan ($8,725) a tonne.
 

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First Published: Apr 08 2013 | 2:08 PM IST

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