Economy

Copper futures up

PTI NEW DELHI | Updated on November 09, 2017 Published on December 28, 2010

IN DEMAND: Rising demand in the domestic spot market also influenced futures prices. -- P.V. Sivakumar   -  Business Line

Copper futures rose by 0.27 per cent to Rs 432.90 a kg on Tuesday, tracking cues in the overseas markets, where dollar weakness gave support to the metal as well as other commodities.

Rising demand in the domestic spot market also influenced futures prices. At the Multi Commodity Exchange, copper for April delivery edged up by Rs 1.15 or 0.27 per cent to Rs 432.90 a kg, with a business turnover of 777 lots.

Copper for February delivery also gained Rs 1.10 or 0.24 per cent to Rs 430.70 a kg, with a business turnover of 6,643 lots. It closed 0.39 per cent higher at Rs 429.60 a kg yesterday.

Analysts said reports of firming trend in copper and other metals on the London Metal Exchange mainly influenced prices in futures trade here. Copper was also 1 per cent up in Shanghai.

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Published on December 28, 2010
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