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Copper moves up by 0.19% on higher demand

Press Trust of India  |  New Delhi 

Copper prices went up by 0.19 per cent to Rs 421.95 per kg in futures trade today as speculators built up fresh positions, taking positive cues from spot market.

At the Multi Commodity Exchange, copper for delivery in August rose by 80 paise, or 0.19 per cent, to Rs 421.95 per kg in business turnover of 646 lots.

In a similar fashion, the for delivery in November contracts was trading higher by a similar margin to Rs 429.15 per kg in 5 lots.

Market analysts said fresh positions created by participants due to uptick in demand from consuming industries in the physical markets, mainly attributed to the rise in copper prices.

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

First Published: Fri, August 10 2018. 10:35 IST