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Copper futures remain up, gain 0.21% on rising demand

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Press Trust of India New Delhi
Last Updated : Jan 04 2017 | 10:32 AM IST
Copper prices advanced by 0.21 per cent to Rs 377.40 per kg in futures trade today as traders engaged in enlarging their positions, tracking a firm trend at spot market on rising demand.
At the Multi Commodity Exchange, copper for delivery in February rose by 80 paise, or 0.21 per cent, to Rs 377.40 per kg, in a business turnover of 589 lots.
Similarly, the metal for delivery in far-month April was trading higher by 75 paise, or 0.20 per cent, to Rs 380.90 per kg in seven lots.
Analysts said widening of positions by participants on the back of rising demand from consuming industries in the physical market, mainly kept copper prices higher at futures trade.

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First Published: Jan 04 2017 | 10:32 AM IST

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