Copper prices gained Rs 2 per kg in the local non-ferrous metal market today on pick up in industrial demand, amid firming trend at the London Metal Exchange.
Sentiment remained firm after copper climbed to nearing an all-time high in London, on speculation that further signs of improvement in the US economy will boost the outlook for demand of the metal.
Meanwhile, copper for three-month delivery advanced 2.1 per cent to $9,257.50 a metric tonne on the London Metal Exchange, $10 less than the record, which was set on December 14.
In the national capital, copper wire scrap, copper wire bar and copper mixed scrap were up by Rs 2 each to Rs 464, Rs 488 and Rs 449 per kg.
Following were today's quotations in Rs per kg:
Tin ingot 820, zinc ingot 132.50, nickel plate (4x4) 1,015-1,017, gun metal scrap 226 bell metal scrap 228, copper wire scrap 464, copper wire bar 488, copper mixed scrap 449, Utensil scrap 224, Chadripital 175
Lead ingot 136, lead imported 138, aluminium ingots 102, sheet cutting 105, aluminium wire scrap 102 and aluminium utensils scrap 102
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