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Copper futures marginally up on spot demand

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 5:24 AM IST

Copper futures edged up by 0.12 per cent to Rs 363.35 per kg in range-bound trade today on the back of a pick-up in demand in the spot market.

However, a weak trend overseas and the firming US dollar capped the gains.

At the Multi Commodity Exchange counter, contracts for November and far-month February delivery were up by 45 paise, or 0.12 per cent, each at Rs 361.30 and Rs 363.35 per kg, respectively, in a turnover of 3,440 and 190 lots.
    
Meanwhile, three-month copper was trading 0.3 per cent down at USD 8,028.50 a tonne on the London Metal Exchange, with the firm dollar weighing on the metal.
    
Analysts said good demand for the metal in the domestic spot market helped copper to trade higher in futures trade, but the weak trend overseas restricted gains.

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First Published: Oct 05 2010 | 1:19 PM IST

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