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

Copper futures up 0.29% on global cues

Image
Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 2:02 AM IST

Copper prices rose by 0.29% to Rs 417.95 per kg in futures trade today on the back of a rebound in entire base metals pack overseas.   

At the Multi Commodity Exchange, copper for delivery in April rose by Rs 1.15, or 0.29% to Rs 417.95 per kg, with a business turnover of 8,471 lots.

Similarly, the metal for delivery in June gained Rs 1.15, or 0.28% to Rs 425 per kg, with a business turnover of 3,977 lots.

Market analysts said the recovery in copper prices at futures trade was mostly due to a firming trend at the London Metal Exchange as a weaker dollar spurred buying in commodities including metals.

Meanwhile, copper for three-month-delivery rose by 2.1% to $9,515 a metric tonne on the London Metal Exchange.

Also Read

First Published: Apr 28 2011 | 12:44 PM IST

Next Story