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Copper futures rise 0.18% on good demand

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Press Trust of India New Delhi

Copper prices were up by 0.18 per cent to Rs 436.40 per kg in futures trade Wednesday as speculators raised their bets, tracking a pick up in spot demand.

However, a weak trend in base metals overseas on fears slowing growth and restricted the gains.

In futures trading at the Multi Commodity Exchange, copper for delivery in November rose by 80 paise, or 0.18 per cent to trade at Rs 436.40 per kg with a turnover of 784 lots.

Market analysts attributed the rise in copper futures prices to building up of fresh positions by participants driven by a firm demand at the domestic physical markets.

 

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First Published: Nov 21 2018 | 12:20 PM IST

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