Copper up 0.1% on global cues
Metal for delivery in June was up by 0.09%
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Copper futures rose marginally by 0.11% to Rs 411.30 per kg today, after speculators enlarged positions on positive cues from global markets.
At the Multi Commodity Exchange, copper for delivery in August rose by 45 paise, or 0.11%, to Rs 413.30 per kg, with a turnover of 135 lots.
Similarly, the metal for delivery in June was up by 35, or 0.09%, at Rs 411.30 per kg, with a trade volume of 4,031 lots.
Globally, copper for delivery in three months rose 0.2% to $6,878.50 per tonne at the London Metal Exchange (LME).
Market analysts said fresh positions created by participants, tracking a firming trend at the LME as stockpiles monitored by exchanges in London, Shanghai and New York dwindled, influenced copper prices in futures trade here.
At the Multi Commodity Exchange, copper for delivery in August rose by 45 paise, or 0.11%, to Rs 413.30 per kg, with a turnover of 135 lots.
Similarly, the metal for delivery in June was up by 35, or 0.09%, at Rs 411.30 per kg, with a trade volume of 4,031 lots.
Globally, copper for delivery in three months rose 0.2% to $6,878.50 per tonne at the London Metal Exchange (LME).
Market analysts said fresh positions created by participants, tracking a firming trend at the LME as stockpiles monitored by exchanges in London, Shanghai and New York dwindled, influenced copper prices in futures trade here.
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First Published: May 30 2014 | 12:32 PM IST