Business Standard

Sunday, January 19, 2025 | 02:10 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Copper inches up on spot demand

Image

Press Trust of India New Delhi

Copper prices traded marginally higher by 0.08 per cent to Rs 458.45 per kg in futures trade today as speculators enlarged their positions on pick-up in demand in the spot market.  

At the Multi Commodity Exchange counter, copper for delivery in February traded marginally higher by 35 paise, or 0.08 per cent, to Rs 458.45 per kg, with a business turnover of 12 lots.

Likewise, the metal for delivery in April edged up by 30 paise, or 0.07 per cent, to Rs 461.50 per kg, with an open interest of two lots.   

Market analysts said speculators created fresh positions on the back of a rise in demand in the spot market mainly helped copper futures prices to trade marginally higher. 

 

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

First Published: Feb 02 2011 | 2:19 PM IST

Explore News