Business Standard

Saturday, December 28, 2024 | 11:03 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Copper futures gain 0.12% on surging spot demand

Image

Press Trust of India New Delhi
Copper prices rose by 0.12 per cent to Rs 380.90 per kg in futures trading 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 went up by 45 paise, or 0.12 per cent, to Rs 380.90 per kg in business turnover of 961 lots.

Similarly, the metal for delivery in far-month April was trading higher by 40 paise, or 0.10 per cent, to Rs 384.25 per kg in 5 lots.

Analysts said widening of positions by participants on the back of rising demand from consuming industries at domestic spot market, mainly kept copper prices higher at futures trade.

Disclaimer: No Business Standard Journalist was involved in creation of this content

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

First Published: Jan 06 2017 | 10:48 AM IST

Explore News