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

Copper rises by 0.3% on global cues

Increased demand at domestic spot markets from consuming industries, also supported the upside

Press Trust of India New Delhi
Last Updated : Sep 06 2013 | 10:53 AM IST
Copper prices rose marginally by 0.33% to Rs 485.10 per kg in futures trade today on the back of firm global cues.
 
At the Multi Commodity Exchange, copper for delivery in November traded higher by Rs 1.60, or 0.33%, to Rs 485.10 per kg in business turnover of 661 lots.
 
The metal for delivery in far-month February up by Rs 1.60, or 0.32% to Rs 494.40 per kg in 31 lots.
 

Also Read

Globally, copper for delivery in three months climbed 0.70% to $7,155.75 per tonne on the London Metal Exchange.
 
Analysts said a firming overseas trend as investors await a US jobs report that may show rising employment in the world's second-biggest user of metals.
 
Besides, increased demand at domestic spot markets from consuming industries, also supported the upside in metal's prices, they said. 

More From This Section

First Published: Sep 06 2013 | 10:51 AM IST

Next Story