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Copper rises 0.2% on global cues

Increased demand at domestic spot markets supported the upside

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Press Trust of India New Delhi
Last Updated : Jan 30 2013 | 2:31 PM IST

Copper futures for February traded higher by 95 paise, or 0.22%, to Rs 438.90 per kg in 4,476 lots.

At the Multi Commodity Exchange (MCX), the April contract edged up by 85 paise, or 0.19%, to Rs 443.95 per kg in 376 lots.

Increased demand at domestic spot markets from industries supported the upside.

The three months' contract increased 0.7% to trade at two-week high of $8,159 dollar a metric tonne on the London Metal Exchange (LME).

While at Shanghai Futures Exchange (SFEX) it added 0.7% to 59,280 yuan ($9,530) a tonne.

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First Published: Jan 30 2013 | 2:31 PM IST

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