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

Copper futures up on domestic demand

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

In range-bound trading, copper futures edged higher by 0.10% today largely in line with a better trend at the spot markets on pick-up in demand.

However, copper's weakness at the London Metal Exchange, restricted gains. 

At the Multi Commodity Exchange, copper for delivery in August moved up by 45 paise, or 0.10%, to Rs 430.55 per kg, with a turnover of 2,705 lots.  

Likewise, the metal for delivery in November gained 40 paise, or 0.09%, to Rs 436.50 per kg, with a turnover of 214 lots.  

Market analysts attributed a moderate rise in copper prices at futures trade to good demand at spot markets.

However, weakness at the London Metal Exchange (LME) limited the gains, they added.

Meanwhile, copper for three-month delivery lost 0.4% to $9,533.50 a tonne on the LME.

Also Read

First Published: Jul 12 2011 | 1:28 PM IST

Next Story