Copper up 0.1% on global cues
Analysts attributed the rise in copper futures to a firm global trend and rising demand at domestic markets
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Copper prices rose marginally by 0.13% to Rs 423.25 per kg in futures trade today as speculators created fresh positions, taking positive cues from global markets.
Besides, rising demand at domestic spot markets supported the upward trend.
At the Multi Commodity Exchange, copper for delivery in November traded higher by 55 paise, or 0.13%, to Rs 423.25 per kg in a business turnover of 953 lots.
Analysts attributed the rise in copper futures to a firm global trend and rising demand at domestic markets.
Globally, copper for delivery in three months climbed 0.6% to $6,879 a tonne in the London Metal Exchange.
Besides, rising demand at domestic spot markets supported the upward trend.
At the Multi Commodity Exchange, copper for delivery in November traded higher by 55 paise, or 0.13%, to Rs 423.25 per kg in a business turnover of 953 lots.
Analysts attributed the rise in copper futures to a firm global trend and rising demand at domestic markets.
Globally, copper for delivery in three months climbed 0.6% to $6,879 a tonne in the London Metal Exchange.
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First Published: Sep 10 2014 | 11:24 AM IST