Copper up 0.1% on global cues

Metal for delivery in 3 months rose 0.5% on the London Metal Exchange

Press Trust of India New Delhi
Last Updated : Nov 08 2013 | 1:31 PM IST
Tracking a firm global trend, copper prices traded higher by 0.09% to Rs 452.15 per kg in futures trade today as speculators created fresh positions.

At the Multi Commodity Exchange, copper for delivery in November traded higher by 40 paise, or 0.09%, to Rs 452.15 per kg in business turnover of 2,030 lots.

Likewise, the metal for delivery in February edged up by the same margin to Rs 462.85 per kg in 86 lots.

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Market analysts said fresh positions created by speculators in tandem with a firm global trend as world's biggest base metals consumer China's trade data beat estimates, mainly influenced copper prices at futures trade.

Meanwhile, copper for delivery in three months rose 0.5% to $7,179.25 a tonne on the London Metal Exchange.

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First Published: Nov 08 2013 | 1:28 PM IST

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