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Copper up 0.77% on spot market demand

Firm global trends raised the demand for base metals

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Press Trust of India New Delhi
Last Updated : Jan 29 2013 | 2:34 PM IST

Copper futures traded higher by Rs 3.50 to Rs 457.45 per kg today.

At the Multi Commodity Exchange, the April contract rose by Rs 3.50, or 0.77% to Rs 457.45 per kg in 1,709 lots.

The February contract traded higher by Rs 3.35, or 0.74% to Rs 453.50 per kg in 17,571 lots.

Analysts said pick-up in spot market demand, firm global trend boosted optimism of an economic rebound thus raising demand for base metals. The trend influenced the market sentiment.

Meanwhile, the contract in 3 months rose 0.4% to $ 8,240 a metric tonne on the London Metal Exchange.

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First Published: Jan 03 2013 | 3:01 PM IST

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