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Copper strengthens on firm global cues

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 2:06 AM IST

Copper futures rose by Rs 1.70 or 0.41% today on speculative buying buoyed by a firming trend on the London Metal Exchange.

At the Multi Commodity Exchange, copper for delivery in February rose by Rs 1.70, or 0.41%, to Rs 413.40 per kg, with a business volume of 6,403 lots.

The April contract moved up by similar margin to quote at Rs 418.45 per kg, with a trading volume of 492 lots.

Analysts said a firming trend on the London Metal Exchange besides increased demand from consuming domestic industries boosted sentiments.

Copper for delivery in three months was trading 0.14% higher at $8,356.75 per tonne on the LME in early trade today.

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First Published: Feb 03 2012 | 3:20 PM IST

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