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Copper futures marginally up on spot demand

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Press Trust of India New Delhi

Copper futures prices traded marginally higher by 0.17% to Rs 431.50 per kg today as speculators created fresh positions, driven by a pick-up in demand at the spot market.    

At the Multi Commodity Exchange, copper for August delivery traded higher by 75 paise, or 0.17%, to Rs 431.50 per kg, with a business turnover of 7,622 lots.

Similarly, the metal for November delivery edged up by 70 paise, or 0.16%, to Rs 437.55 per kg, with an open interest of 544 lots.  

Market analysts said fresh buying by speculators on pick- up in demand in the spot market helped copper futures prices to trade marginally higher.

 

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First Published: Aug 03 2011 | 2:19 PM IST

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