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Spot demand lifts copper futures 0.09 pc

Press Trust of India  |  New Delhi 

futures traded 0.09 per cent higher at Rs 442.55 per kg today as speculators enlarged positions amid rising spot demand coupled with positive global leads.

In futures trade, for delivery in June rose 40 paise, or 0.09 per cent, at Rs 447.50 per kg in a business turnover of 45 lots at the Multi Commodity Exchange.

Similarly, the for delivery for the current month edged up by 30 paise, or 0.07 per cent, at Rs 442.55 per kg in 1,954 lots.

Marketmen attributed the rise in prices at futures trade to pick-up in demand from consuming industries at the domestic spot markets, besides a firm trend in select base metals overseas.

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

First Published: Fri, April 13 2018. 12:20 IST