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Copper rises 0.4% on global cues

November contract rises by similar margin

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Press Trust of India New Delhi
Last Updated : Jan 25 2013 | 4:04 AM IST

Copper prices traded higher by 0.43% to Rs 413.40 per kg in futures trade today as speculators created fresh positions, tracking a firm trend in overseas markets.

At the Multi Commodity Exchange, copper for delivery in August rose by Rs 1.75, or 0.43%, to Rs 413.40 per kg in a business turnover of 19,208 lots.

November copper edged up by Rs 1.80, or 0.43%, to Rs 419.45 per kg in 1,483 lots.

Market analysts said fresh positions created by speculators amid a firm global trend led to the rise in copper prices at futures trade.

Meanwhile, prices for three-month copper rose 0.5% to $7,368 a tonne on the London Metal Exchange.

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First Published: Aug 03 2012 | 2:37 PM IST

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