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Copper futures gain 0.17% on positive spot cues

Press Trust of India  |  New Delhi 

Copper prices edged higher by 0.17 per cent to Rs 422.55 per kg in futures trade today as speculators raised their bets amid positive spot market cues on pick up in demand.

At the Multi Commodity Exchange, copper for delivery in August edged up by 70 paise, or 0.17 per cent, to Rs 422.55 per kg in business turnover of 1,412 lots.

Likewise, the for delivery in November contracts was trading higher by 65 paise, or 0.15 per cent, to Rs 429.60 per kg in 4 lots.

Market analysts said widening of positions by traders, taking positive cues from spot market on uptick in demand from consuming industries led to the rise in copper prices at futures trade.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, July 13 2018. 10:50 IST