Copper futures rise on spot demand

NEW DELHI: Copper prices on Friday traded up by 1.31 per cent at Rs 747.75 per kg in the futures market on the back of a pick-up in the spot demand.

On the Multi Commodity Exchange, copper contracts for delivery in June traded higher by Rs 9.65, or 1.31 per cent, at Rs 747.75 per kg in a business turnover of 4,535 lots.

Analysts attributed the rise in copper prices to raising of bets by participants driven by a pick-up in the spot demand.

Articles You May Like

GBP/JPY sees downside below 162.00 on lower consensus for UK GDP
USDCAD retest its 100 day moving average. Finds sellers on the test.
Pound Sterling Price News and Forecast: GBP/USD treads water ahead of critical UK data releases
USD/CHF slides to one-week low, eyes 0.9500 mark amid modest USD weakness
The easing of inflation pressures is giving the economy some breathing room, for now

Leave a Reply

Your email address will not be published.