Wednesday, March 05, 2025 | 04:55 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Copper futures strengthen on firming overseas trend

Image

Press Trust of India New Delhi

Buoyed by a firming trend on the London Metal Exchange and a pick-up in spot demand, copper was trading 0.54% higher at Rs 401.20 per kg in futures trade today.

The sentiment turned better as copper in global markets strengthened on improving demand from China and speculation that the US will announce additional measures to shore up its economy's recovery.

At the Multi Commodity Exchange, August copper was trading higher by Rs 2.15, or 0.54%, to Rs 401.10 per kg, with a business turnover of 11,309 lots.

November delivery edged up by Rs 1.90, or 0.47%, to Rs 405.65 per kg, with a turnover of 1,334 lots.

Meanwhile, three-month copper on the London Metal Exchange climbed by as much as 1.2% to $8,820 a metric tonne in early trade today.

 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 23 2011 | 12:53 PM IST

Explore News