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Copper futures rise on global cues, up 0.82%

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 10:58 PM IST

Copper prices rose by 0.82% to Rs 443.65 per kg in futures trade today largely supported by a firming global trend. 

At the Multi Commodity Exchange, copper for November delivery rose by Rs 3.60, or 0.82%, to Rs 443.65 per kg, with a business turnover of 1,569 lots. 

Likewise, the metal for August delivery edged up by Rs 3.45, or 0.79%, to Rs 437.70 per kg, with an open interest of 19,451 lots.  

Market analysts said firming trend overseas on stronger-than-expected economic data from China led to the rise in copper futures prices.

Besides, increased demand in the domestic spot markets also supported the uptrend, they said.  

Meanwhile, copper for three-month delivery gained 0.8% to $9,730 a tonne on the London Metal Exchange.

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First Published: Jul 13 2011 | 2:03 PM IST

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