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Copper rises 0.46% on global cues

Pick up in domestic demand fuels uptrend

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 5:46 PM IST

Buoyed by a firm global trend and pick up in domestic demand, copper prices rose by 0.46% to Rs 430.20 per kg in futures trade today as speculators enlarged positions.

At the Multi Commodity Exchange, copper for delivery in February traded higher by Rs 1.95, or 0.46%, to Rs 430.20 per kg, with a business turnover of 203 lots.

November copper edged up by Rs 1.95, or 0.45%, to Rs 423.95 per kg, with a business turnover of 2,872 lots.

Marketmen said besides increased demand from consuming industries, a firming trend in base metals at the London Metal Exchange (LME) influenced copper prices at futures trade.

Meanwhile, copper for delivery in three months gained 0.5% to $7,734.75 a tonne at the LME.

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First Published: Nov 07 2012 | 11:12 AM IST

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