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Uptick in spot demand lifts copper futures

Press Trust of India  |  New Delhi 

prices edged 0.10 per cent higher to Rs 458 per kg in futures trade today as speculators built up fresh positions, taking positive cues from spot market on improved demand.

At the Multi Commodity Exchange, for delivery in February inched 45 paise, or 0.10 per cent, higher to Rs 458 per kg in a business turnover of 1,291 lots.

Likewise, the for delivery in April contracts traded higher by 40 paise, or 0.09 per cent, at Rs 462.20 per kg in 147 lots.

Analysts said fresh positions created by participants due to pick up in demand from consuming industries at domestic spot market led to rise in prices at futures trade.

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

First Published: Thu, February 15 2018. 11:05 IST