Don’t miss the latest developments in business and finance.

Copper futures rise on fresh buying

Image
Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 1:04 AM IST

Copper prices rose by Rs 2.35, or 0.70 per cent, to Rs 336 per kg in futures market today on fresh buying by traders, followed by increased demand from consuming industries.

Firming trend in copper prices in global markets also influenced the trading sentiment. On the Multi Commodity Exchange counter, copper for November rose by Rs 2.35, or 0.70 per cent, to Rs 336 per kg, with an open interest of 5,430 lots.

Similarly, the metal for delivery in August gained Rs 2.10, or 0.63 per cent, to Rs 333.50 per kg, with an open interest of 39,302 lots.

Analysts said besides pick up in spot demand, firming trend at the London Metal Exchange, influenced the metal prices at futures market here.

Meanwhile, copper for three-month delivery advanced 1.1 per cent to $7,135 a metric tonne on the London Metal Exchange.

More From This Section

First Published: Jul 28 2010 | 2:44 PM IST

Next Story