Comments
Buoyed by a firming global trend and pick up in spot demand, copper prices rose by 0.28 per cent to Rs 427.90 per kg in futures trade today.
At the Multi Commodity Exchange, copper for delivery in August rose by Rs 1.20 or 0.28 per cent to Rs 427.90 per kg with a business turnover of 3,935 lots. It had lost 0.30 per cent to Rs 426.70 per kg in the previous session.
Similarly, the metal for delivery in November gained Rs 1.15 or 0.27 per cent to Rs 433.75 per kg with a business volume of 287 lots.
Market analysts attributed the rise in copper prices at futures trade to a firming trend at the London Metal Exchange.
Meanwhile, copper for three-month delivery rose by 0.50 per cent to $9,565.50 a tonne on the London Metal Exchange.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.