Copper prices rise by 0.3% on global cues
Pick-up in spot demand also influenced prices
 "Copper prices rise by 0.3% on global cues")
Copper futures rose 0.29% to Rs 314.20 per kg in futures trade today on positive cues from the overseas markets and a pick-up in spot demand.
At the Multi Commodity Exchange, copper for delivery in far-month April rose by 90 paise, or 0.29%, to Rs 314.20 per kg, with a turnover of six lots.
Similarly, the metal for delivery in February was up by 85 paise, or 0.28%, at Rs 309.75 per kg, with a trade volume of 407 lots.
Globally, copper for three-month delivery climbed 0.5% on the London Metal Exchange (LME).
Market analysts attributed the rise in copper futures to a firming trend in select base metals on the LME and pick up in demand at domestic spot markets.
At the Multi Commodity Exchange, copper for delivery in far-month April rose by 90 paise, or 0.29%, to Rs 314.20 per kg, with a turnover of six lots.
Similarly, the metal for delivery in February was up by 85 paise, or 0.28%, at Rs 309.75 per kg, with a trade volume of 407 lots.
Globally, copper for three-month delivery climbed 0.5% on the London Metal Exchange (LME).
Market analysts attributed the rise in copper futures to a firming trend in select base metals on the LME and pick up in demand at domestic spot markets.
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Dec 16 2015 | 11:28 AM IST