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Spot demand lifts copper futures by 0.57 pc

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Press Trust of India New Delhi

Copper futures traded 0.57 per cent higher at Rs 444.75 per kg today as speculators enlarged positions amid rising spot demand and positive global cues.

In futures trade, copper for delivery in current month rose Rs 2.50, or 0.57 per cent, at Rs 444.75 per kg in a business turnover of 1,411 lots at Multi Commodity Exchange.

Similarly, the metal for delivery for the June edged up by Rs 2.55, or 0.57 per cent, at Rs 449.05 per kg in 26 lots.

Marketmen attributed rise in copper 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 in global market.

 

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First Published: Apr 10 2018 | 10:40 AM IST

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