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Copper up 0.36% on global cues

Encouraging US economic data pulled prices higher

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Press Trust of India New Delhi

Supported by a firming trend overseas and a pick-up in domestic demand, copper prices today rose by 0.36% to Rs 421.55 per kg in futures trade.

At the MCX, copper for delivery in June rose by Rs 1.50, or 0.36%, to Rs 421.55 per kg, with a turnover of 2,631 lots.

The August contract was up by Rs 1.40, or 0.33%, at Rs 426.15 per kg, with a trade volume of 793 lots.

Copper three-month delivery rose 0.3% to $7,429.75 per tonne at the London Metal Exchange (LME) in early trade today.

Market analysts besides pick up in spot demand, a firming trend in metal at the LME on encouraging US economic data, led to a rise in copper futures prices here.

 

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First Published: Jun 28 2012 | 12:51 PM IST

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