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Copper futures gain 0.53% on positive global cues

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Press Trust of India New Delhi
Last Updated : Oct 22 2018 | 11:30 AM IST

Tracking positive global cues, copper prices edged higher by 0.53 per cent to Rs 455.40 per kg in futures trade Monday as participants raised bets.

At the Multi Commodity Exchange, copper for delivery in November was up by Rs 2.40, or 0.53 per cent, to Rs 455.40 per kg in business turnover of 984 lots.

Likewise, the metal for delivery in February next year traded higher by Rs 2.35, or 0.50 per cent, to Rs 462.10 per kg in 102 lots.

Analysts said besides firm trend overseas, pick-up in demand in the spot market, mainly led to rise in copper prices in futures trade.

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First Published: Oct 22 2018 | 11:30 AM IST

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