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Copper rises by 0.1% on global cues

Speculators enlarged their positions, tracking a firm global trend

Press Trust of India New Delhi
Copper prices rose by 0.11% to Rs 420.20 per kg in futures trade today as speculators enlarged their positions, tracking a firm global trend.
 
At the Multi Commodity Exchange, copper for delivery in August traded higher by 45 paise, or 0.11% to Rs 420.20 per kg in business turnover of 18,918 lots.
 
Similarly, the metal for delivery in November edged higher by 15 paise, or 0.04% to Rs 426.75 per kg in 701 lots.
 
Market analysts said speculators enlarged their positions, tracking a firm global trend, where it traded at highest level in a month on rising demand.
 

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First Published: Jul 23 2013 | 2:22 PM IST

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