Copper rises by 0.1% on global cues

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.